# PPP loan: TRUE STEEL CONSTRUCTION LLC
> **$272K** approved 05/15/2021 · Charged Off · Loan `2255099003`
## Borrower
- **Name:** TRUE STEEL CONSTRUCTION LLC
- **Address:** 248 Thomas St, Newark, NJ, 07114-2807
- **NAICS:** 238120
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $272K
- **Initial approval:** $272K
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $272K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Grow America Fund, Incorporated
- **Servicing:** Grow America Fund, Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*