# PPP loan: AMERICAN METAL GROUP
> **$393K** approved 04/05/2020 · Paid in Full · Loan `5258047006`
## Borrower
- **Name:** AMERICAN METAL GROUP
- **Address:** 290 LOWER BON AIR RD, SYLACAUGA, AL, 35150-7243
- **NAICS:** 331110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $393K
- **Initial approval:** $393K
- **Forgiven:** $398K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $330K
- **Utilities:** $20K
- **Debt interest:** $43K
- **Jobs reported:** 34
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*