# PPP loan: SCRAP METAL PROCESSORS, INC.
> **$156K** approved 04/05/2020 · Paid in Full · Loan `5541747010`
## Borrower
- **Name:** SCRAP METAL PROCESSORS, INC.
- **Address:** 9000 SCIENCE CENTER DRIVE, MINNEAPOLIS, MN, 55428-2682
- **NAICS:** 331110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 14
## Lender
- **Originating:** Bell Bank
- **Servicing:** Bell Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*