# PPP loan: SOUTHERN ALUMINUM MANUFACTURING ACQUISITION INC
> **$1.91M** approved 04/14/2020 · Paid in Full · Loan `7265587110`
## Borrower
- **Name:** SOUTHERN ALUMINUM MANUFACTURING ACQUISITION INC
- **Address:** 5 HIGHWAY 82 BYP W, MAGNOLIA, AR, 71753-8719
- **NAICS:** 337127
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.91M
- **Initial approval:** $1.91M
- **Forgiven:** $1.91M (100%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.91M
- **Jobs reported:** 194
## Lender
- **Originating:** Farmers Bank & Trust Company
- **Servicing:** Farmers Bank & Trust Company (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*