# PPP loan: LUTHE SHEET METAL, INC
> **$1.43M** approved 04/07/2020 · Exemption 4 · Loan `6895707000`
## Borrower
- **Name:** LUTHE SHEET METAL, INC
- **Address:** 1200 S UNION AVE, CHERRY HILL, NJ, 08002-3332
- **NAICS:** 238390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.43M
- **Forgiven:** $1.28M (89%)
- **Forgiveness date:** 09/13/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.43M
- **Jobs reported:** 30
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*