# PPP loan: METAL WORKS, INC.
> **$620K** approved 04/04/2020 · Paid in Full · Loan `4774967002`
## Borrower
- **Name:** METAL WORKS, INC.
- **Address:** 1015 32nd Ave West, SPENCER, IA, 51301-2504
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $627K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Mortgage interest:** $90K
- **Utilities:** $27K
- **Health care:** $71K
- **Debt interest:** $3K
- **Jobs reported:** 59
## Lender
- **Originating:** Community State Bank
- **Servicing:** Community State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*