# PPP loan: SPARTA STEEL & EQUIPMENT CORP
> **$370K** approved 01/17/2021 · Paid in Full · Loan `1490408304`
## Borrower
- **Name:** SPARTA STEEL & EQUIPMENT CORP
- **Address:** 9875 Chestnut Ave SE, East Sparta, OH, 44626-9765
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $370K
- **Initial approval:** $370K
- **Forgiven:** $373K (101%)
- **Forgiveness date:** 11/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $370K
- **Jobs reported:** 41
## Lender
- **Originating:** The Bank of Magnolia Company
- **Servicing:** The Bank of Magnolia Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*