# PPP loan: RIO STEEL & TOWER LTD.
> **$372K** approved 01/19/2021 · Paid in Full · Loan `1649018308`
## Borrower
- **Name:** RIO STEEL & TOWER LTD.
- **Address:** 12017 Mitchell Dr, Alvarado, TX, 76009-6134
- **NAICS:** 237130
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $376K (101%)
- **Forgiveness date:** 03/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** Trinity Bank, National Association
- **Servicing:** Trinity Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*