# PPP loan: STANDARD IRON & METALS CO
> **$550K** approved 04/06/2020 · Paid in Full · Loan `6449827001`
## Borrower
- **Name:** STANDARD IRON & METALS CO
- **Address:** 4525 SAN LEANDRO ST, OAKLAND, CA, 94601-4449
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $557K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Rent:** $51K
- **Utilities:** $21K
- **Health care:** $38K
- **Jobs reported:** 44
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*