# PPP loan: SANDERS METAL PRODUCTS, INC.
> **$260K** approved 04/06/2020 · Paid in Full · Loan `6095007004`
## Borrower
- **Name:** SANDERS METAL PRODUCTS, INC.
- **Address:** 5001 County Road 81 N, FARGO, ND, 58102-7405
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Rent:** $38K
- **Utilities:** $8K
- **Health care:** $16K
- **Jobs reported:** 22
## Lender
- **Originating:** American Federal Bank
- **Servicing:** American Federal Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*