BEACON METALS, INC. (UT) - 2020 PPP Loan Borrower Profile (# 7569227008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEACON METALS, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Utah.

Loan Detail

Loan Number

7569227008

SBA Office Code

0883

Processing Method

PPP

Curent Loan Amount

$975,402

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$983,042.65

Date Loan was Forgiven

Jan 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,154

Payroll Proced

880,098.58

Rent Proceed

4,669

Health Care Proceed

84,480.42

Lender

Cache Valley Bank

Business Detail

Business Type

Corporation

NAICS

321911

Borrower Location

SALT LAKE CITY, UT

Project Location

SALT LAKE CITY, UT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.