# PPP loan: DYNAMIC METAL RECYCLING INC.
> **$205K** approved 02/07/2021 · Paid in Full · Loan `4951968403`
## Borrower
- **Name:** DYNAMIC METAL RECYCLING INC.
- **Address:** 156 E US Highway 20, Chesterton, IN, 46304-9560
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $205K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*