# PPP loan: EASTERN STEEL CORPORATION
> **$600K** approved 03/12/2021 · Paid in Full · Loan `1050508600`
## Borrower
- **Name:** EASTERN STEEL CORPORATION
- **Address:** 1946 Pitkin Ave, Brooklyn, NY, 11207-3328
- **NAICS:** 423390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $600K
- **Initial approval:** $600K
- **Forgiven:** $608K (101%)
- **Forgiveness date:** 08/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $600K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*