# PPP loan: MID-CITY SCRAP IRON & SALVAGE CO INC
> **$740K** approved 05/01/2020 · Paid in Full · Loan `5368787703`
## Borrower
- **Name:** MID-CITY SCRAP IRON & SALVAGE CO INC
- **Address:** 548 STATE RD, WESTPORT, MA, 02790-3427
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $745K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $740K
- **Jobs reported:** 63
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*