# PPP loan: CHERRY CITY METALS
> **$875K** approved 01/22/2021 · Paid in Full · Loan `4121708309`
## Borrower
- **Name:** CHERRY CITY METALS
- **Address:** 3155 Kanz Ct NE, Salem, OR, 97301-0368
- **NAICS:** 423930
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $875K
- **Initial approval:** $875K
- **Forgiven:** $879K (100%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $875K
- **Utilities:** $1
- **Jobs reported:** 72
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*