# PPP loan: THE ALLOY ENGINEERING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN
> **$1.32M** approved 02/11/2021 · Paid in Full · Loan `6947708402`
## Borrower
- **Name:** THE ALLOY ENGINEERING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN
- **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:** $1.32M
- **Initial approval:** $1.32M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.32M
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*