# PPP loan: TECHNICAL METALS, INC.
> **$794K** approved 04/05/2020 · Paid in Full · Loan `5410307007`
## Borrower
- **Name:** TECHNICAL METALS, INC.
- **Address:** 1301 W OAK ST, FAIRBURY, IL, 61739-1490
- **NAICS:** 332119
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $794K
- **Initial approval:** $794K
- **Forgiven:** $799K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $743K
- **Rent:** $12K
- **Mortgage interest:** $11K
- **Utilities:** $28K
- **Jobs reported:** 60
## Lender
- **Originating:** Bank of Pontiac
- **Servicing:** Bank of Pontiac (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*