# PPP loan: CAPONE IRON CORPORATION
> **$830K** approved 01/27/2021 · Paid in Full · Loan `7130968301`
## Borrower
- **Name:** CAPONE IRON CORPORATION
- **Address:** 20 Turcotte Memorial Dr, Rowley, MA, 01969-1706
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $830K
- **Initial approval:** $830K
- **Forgiven:** $839K (101%)
- **Forgiveness date:** 02/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $830K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*