# PPP loan: SPEEDY METALS OF FRASER, LLC
> **$225K** approved 04/07/2020 · Paid in Full · Loan `7543577010`
## Borrower
- **Name:** SPEEDY METALS OF FRASER, LLC
- **Address:** 34155 RIVIERA DR, FRASER, MI, 48026-4813
- **NAICS:** 423510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $56K
- **Jobs reported:** 19
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*