# PPP loan: NEW STAR METALS INC
> **$5.50M** approved 04/13/2020 · Paid in Full · Loan `4911527105`
## Borrower
- **Name:** NEW STAR METALS INC
- **Address:** 6855 Commerce Blvd, CANTON, MI, 48187-4458
- **NAICS:** 332911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.50M
- **Initial approval:** $5.50M
- **Forgiven:** $5.56M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.50M
- **Jobs reported:** 28
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*