# PPP loan: PROGRESSIVE METAL MANUFACTURING COMPANY
> **$2.03M** approved 04/09/2020 · Paid in Full · Loan `9756157005`
## Borrower
- **Name:** PROGRESSIVE METAL MANUFACTURING COMPANY
- **Address:** 3100 E 10 Mile Rd 0.0, Warren, MI, 48091-3713
- **NAICS:** 336390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.03M
- **Initial approval:** $2.03M
- **Forgiven:** $2.06M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.76M
- **Rent:** $97K
- **Utilities:** $60K
- **Health care:** $95K
- **Debt interest:** $26K
- **Jobs reported:** 125
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*