# PPP loan: SOUTHERN METAL PROCESSING COMPANY, INC.
> **$598K** approved 04/15/2020 · Paid in Full · Loan `9650457101`
## Borrower
- **Name:** SOUTHERN METAL PROCESSING COMPANY, INC.
- **Address:** 130 Allred St, Oxford, AL, 36203-1302
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $598K
- **Initial approval:** $598K
- **Forgiven:** $603K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $598K
- **Jobs reported:** 40
## Lender
- **Originating:** Southern States Bank
- **Servicing:** Southern States Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*