# PPP loan: STEEL POINT SOLUTIONS, LLC
> **$1.61M** approved 04/15/2020 · Paid in Full · Loan `1376737200`
## Borrower
- **Name:** STEEL POINT SOLUTIONS, LLC
- **Address:** 11720 Beltsville Dr Ste 1001, Calverton, MD, 20705
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Rent:** $29K
- **Utilities:** $9K
- **Health care:** $256K
- **Debt interest:** $49K
- **Jobs reported:** 33
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*