# PPP loan: VANCE METAL PRODUCTS INC
> **$218K** approved 04/09/2020 · Paid in Full · Loan `9722477009`
## Borrower
- **Name:** VANCE METAL PRODUCTS INC
- **Address:** 5751 DUROSE DRIVE, BESSEMER, AL, 35022-3400
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $199K
- **Mortgage interest:** $5K
- **Utilities:** $14K
- **Debt interest:** $100
- **Jobs reported:** 24
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*