# PPP loan: SOUTHERN METAL FABRICATORS, INC.
> **$547K** approved 04/05/2020 · Paid in Full · Loan `5562747009`
## Borrower
- **Name:** SOUTHERN METAL FABRICATORS, INC.
- **Address:** 1215 FRAZIER RD, ALBERTVILLE, AL, 35950-0719
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $547K
- **Initial approval:** $547K
- **Forgiven:** $552K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $504K
- **Rent:** $19K
- **Utilities:** $14K
- **Debt interest:** $10K
- **Jobs reported:** 54
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*