# PPP loan: BEACON METALS, INC.
> **$975K** approved 04/07/2020 · Paid in Full · Loan `7569227008`
## Borrower
- **Name:** BEACON METALS, INC.
- **Address:** 2770 S West Temple, SALT LAKE CITY, UT, 84165
- **NAICS:** 321911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $975K
- **Initial approval:** $975K
- **Forgiven:** $983K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $880K
- **Rent:** $5K
- **Utilities:** $6K
- **Health care:** $84K
- **Jobs reported:** 66
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*