# PPP loan: MAC METAL SALES, INC
> **$515K** approved 04/08/2020 · Paid in Full · Loan `8167147010`
## Borrower
- **Name:** MAC METAL SALES, INC
- **Address:** 1650 W HIGHWAY 80, SOMERSET, KY, 42503-3749
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $515K
- **Initial approval:** $515K
- **Forgiven:** $518K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Rent:** $50K
- **Utilities:** $12K
- **Health care:** $35K
- **Debt interest:** $30K
- **Jobs reported:** 63
## Lender
- **Originating:** The Citizens National Bank of Somerset
- **Servicing:** The Citizens National Bank of Somerset (KY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*