# PPP loan: FORMETCO INCORPORATED
> **$1.18M** approved 02/13/2021 · Paid in Full · Loan `8434658404`
## Borrower
- **Name:** FORMETCO INCORPORATED
- **Address:** 2963 Pleasant Hill Rd, Duluth, GA, 30096-3808
- **NAICS:** 339950
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.18M
- **Utilities:** $1
- **Jobs reported:** 90
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*