# PPP loan: METAL MASTERS FOODSERVICE EQUIPMENT CO., INC.
> **$5.60M** approved 04/13/2020 · Paid in Full · Loan `5366917102`
## Borrower
- **Name:** METAL MASTERS FOODSERVICE EQUIPMENT CO., INC.
- **Address:** 100 Industrial Boulevard, CLAYTON, DE, 19938-8900
- **NAICS:** 333241
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.60M
- **Initial approval:** $5.60M
- **Forgiven:** $5.66M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.36M
- **Rent:** $250K
- **Utilities:** $560K
- **Health care:** $1.40M
- **Debt interest:** $30K
- **Jobs reported:** 408
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*