# PPP loan: TRI-STATE IRON & METAL CO.
> **$1.18M** approved 04/04/2020 · Paid in Full · Loan `4961387000`
## Borrower
- **Name:** TRI-STATE IRON & METAL CO.
- **Address:** 1725 E 9TH ST, TEXARKANA, AR, 71854-5582
- **NAICS:** 423930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 94
## Lender
- **Originating:** Commercial National Bank of Texarkana
- **Servicing:** Commercial National Bank of Texarkana (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*