# PPP loan: SUMMIT METALS CORPORATION
> **$548K** approved 01/23/2021 · Paid in Full · Loan `4352988309`
## Borrower
- **Name:** SUMMIT METALS CORPORATION
- **Address:** 3587 E Highway 114, Rhome, TX, 76078-3631
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $548K
- **Initial approval:** $548K
- **Forgiven:** $550K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $548K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*