# PPP loan: RIFKIN SCRAP IRON & METAL COMPANY
> **$271K** approved 04/03/2020 · Paid in Full · Loan `4368087003`
## Borrower
- **Name:** RIFKIN SCRAP IRON & METAL COMPANY
- **Address:** 1011 N. WASHINGTON AVE, SAGINAW, MI, 48601-1000
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Rent:** $26K
- **Mortgage interest:** $7K
- **Utilities:** $9K
- **Debt interest:** $13K
- **Jobs reported:** 20
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*