# PPP loan: STATE METAL INDUSTRIES INC.
> **$1.21M** approved 04/30/2021 · Paid in Full · Loan `5598458907`
## Borrower
- **Name:** STATE METAL INDUSTRIES INC.
- **Address:** 941 S 2nd St, Camden, NJ, 08103-3208
- **NAICS:** 331314
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 08/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.21M
- **Utilities:** $1
- **Jobs reported:** 90
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*