# PPP loan: AMERICAN DOUGLAS METALS, INC.
> **$607K** approved 04/14/2020 · Paid in Full · Loan `7969697106`
## Borrower
- **Name:** AMERICAN DOUGLAS METALS, INC.
- **Address:** 576 Ocoee Business Parkway Suite 10, Ocoee, FL, 34761
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $607K
- **Initial approval:** $607K
- **Forgiven:** $610K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $474K
- **Rent:** $30K
- **Mortgage interest:** $10K
- **Utilities:** $24K
- **Health care:** $62K
- **Debt interest:** $8K
- **Jobs reported:** 43
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*