# PPP loan: JARVIS METALS RECYCLING, INC.
> **$642K** approved 04/27/2020 · Paid in Full · Loan `4930897204`
## Borrower
- **Name:** JARVIS METALS RECYCLING, INC.
- **Address:** 7825 OLIVE AVE, LUBBOCK, TX, 79404-8912
- **NAICS:** 331491
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $642K
- **Initial approval:** $642K
- **Forgiven:** $645K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $513K
- **Rent:** $64K
- **Utilities:** $64K
- **Jobs reported:** 57
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*