# PPP loan: CINELLI SCRAP METAL
> **$262K** approved 06/29/2020 · Paid in Full · Loan `5942628006`
## Borrower
- **Name:** CINELLI SCRAP METAL
- **Address:** 275 BROADWAY, JERSEY CITY, NJ, 07306-6713
- **NAICS:** 562920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $262K
- **Jobs reported:** 18
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*