# PPP loan: METALX, LLC
> **$3.22M** approved 04/04/2020 · Paid in Full · Loan `4950267004`
## Borrower
- **Name:** METALX, LLC
- **Address:** 295 S. Commerce Dr., WATERLOO, IN, 46793-9437
- **NAICS:** 423930
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.22M
- **Initial approval:** $3.22M
- **Forgiven:** $3.26M (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.58M
- **Utilities:** $644K
- **Jobs reported:** 250
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*