# PPP loan: AKAT SCRAP METAL INC.
> **$163K** approved 05/26/2021 · Paid in Full · Loan `7956349001`
## Borrower
- **Name:** AKAT SCRAP METAL INC.
- **Address:** 15 Spinning Wheel Rd Ste 106, Hinsdale, IL, 60521-2983
- **NAICS:** 562998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 03/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 10
## Lender
- **Originating:** Leader Bank, National Association
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*