# PPP loan: MEGAMET INDUSTRIES, INC.
> **$430K** approved 04/13/2020 · Paid in Full · Loan `4457897110`
## Borrower
- **Name:** MEGAMET INDUSTRIES, INC.
- **Address:** 3228 6TH AVE N, BIRMINGHAM, AL, 35222-1222
- **NAICS:** 332321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $430K
- **Initial approval:** $430K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $359K
- **Utilities:** $56K
- **Health care:** $16K
- **Jobs reported:** 21
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*