# PPP loan: STEEL AND PIPES INC
> **$1.62M** approved 02/02/2021 · Paid in Full · Loan `1919758406`
## Borrower
- **Name:** STEEL AND PIPES INC
- **Address:** Barrio Rio Canas Carretera 1 KM 27 HM 5, Caguas, PR, 00726
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.62M
- **Utilities:** $1
- **Jobs reported:** 280
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*