# PPP loan: METALCRAFT INC.
> **$1.26M** approved 04/03/2020 · Paid in Full · Loan `4489057001`
## Borrower
- **Name:** METALCRAFT INC.
- **Address:** 3360 9th Street SW, MASON CITY, IA, 50401-7313
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.27M (101%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.06M
- **Mortgage interest:** $20K
- **Utilities:** $30K
- **Health care:** $130K
- **Debt interest:** $20K
- **Jobs reported:** 115
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*