# PPP loan: THE ALLOY ENGINEERING COMPANY
> **$1.54M** approved 04/30/2020 · Paid in Full · Loan `6432117309`
## Borrower
- **Name:** THE ALLOY ENGINEERING COMPANY
- **Address:** 844 THACKER ST, BEREA, OH, 44017-1659
- **NAICS:** 332999
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.54M
- **Jobs reported:** 82
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*