# PPP loan: ELEMETAL DIRECT USA, LLC.
> **$1.62M** approved 04/05/2020 · Paid in Full · Loan `5277987001`
## Borrower
- **Name:** ELEMETAL DIRECT USA, LLC.
- **Address:** 15850 DALLAS PKWY, DALLAS, TX, 75248-3308
- **NAICS:** 331492
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Rent:** $125K
- **Utilities:** $100K
- **Jobs reported:** 116
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*