# PPP loan: TEXAS METALS & RECYCLING COMPANY
> **$160K** approved 04/05/2020 · Paid in Full · Loan `5471067000`
## Borrower
- **Name:** TEXAS METALS & RECYCLING COMPANY
- **Address:** 2989 PINE ST, ABILENE, TX, 79601-1537
- **NAICS:** 423930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Utilities:** $40K
- **Jobs reported:** 18
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*