# PPP loan: SOUTHERN METAL PROCESSING COMPANY, INC.
> **$370K** approved 02/24/2021 · Paid in Full · Loan `3713428503`
## Borrower
- **Name:** SOUTHERN METAL PROCESSING COMPANY, INC.
- **Address:** 130 Allred St, Oxford, AL, 36203-1302
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $370K
- **Initial approval:** $371K
- **Forgiven:** $374K (101%)
- **Forgiveness date:** 05/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $370K
- **Utilities:** $1
- **Jobs reported:** 39
## Lender
- **Originating:** Southern States Bank
- **Servicing:** Southern States Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*