# PPP loan: PACO STEEL & ENGINEERING CORP.
> **$538K** approved 04/15/2020 · Paid in Full · Loan `2198447208`
## Borrower
- **Name:** PACO STEEL & ENGINEERING CORP.
- **Address:** 19818 ALAMEDA ST, COMPTON, CA, 90221-6211
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $538K
- **Initial approval:** $538K
- **Forgiven:** $544K (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $538K
- **Jobs reported:** 42
## Lender
- **Originating:** Bank of Hope
- **Servicing:** Bank of Hope (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*