# PPP loan: AMALGAMATE PROCESSING, INC
> **$682K** approved 04/06/2020 · Paid in Full · Loan `5602717006`
## Borrower
- **Name:** AMALGAMATE PROCESSING, INC
- **Address:** 2525 Handley Ederville Rd, Richland Hills, TX, 76118-6910
- **NAICS:** 424990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $682K
- **Initial approval:** $682K
- **Forgiven:** $686K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $546K
- **Rent:** $104K
- **Mortgage interest:** $2K
- **Utilities:** $31K
- **Jobs reported:** 76
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*