# PPP loan: ALLIED METALS CORP.
> **$299K** approved 04/06/2020 · Paid in Full · Loan `5853137003`
## Borrower
- **Name:** ALLIED METALS CORP.
- **Address:** 2668 LAPEER RD, AUBURN HILLS, MI, 48326-1925
- **NAICS:** 423510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Mortgage interest:** $60K
- **Jobs reported:** 17
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*