# PPP loan: MEYER METAL SYSTEMS INC.
> **$163K** approved 02/09/2021 · Paid in Full · Loan `5935058406`
## Borrower
- **Name:** MEYER METAL SYSTEMS INC.
- **Address:** 1111 Davis Rd Ste A, Elgin, IL, 60123-1369
- **NAICS:** 332323
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 19
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*