# PPP loan: SOUDAN METALS CO INC
> **$579K** approved 01/19/2021 · Paid in Full · Loan `1822638300`
## Borrower
- **Name:** SOUDAN METALS CO INC
- **Address:** 319 W 40th Pl, Chicago, IL, 60609-2816
- **NAICS:** 331210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $579K
- **Initial approval:** $761K
- **Forgiven:** $584K (101%)
- **Forgiveness date:** 04/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $579K
- **Jobs reported:** 53
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*