# PPP loan: METRO STUDIOS INC.
> **$234K** approved 01/28/2021 · Paid in Full · Loan `7838348309`
## Borrower
- **Name:** METRO STUDIOS INC.
- **Address:** 1350 Sherman Rd, Hiawatha, IA, 52233-1293
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $234K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Kerndt Brothers Savings Bank
- **Servicing:** Kerndt Brothers Savings Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*