# PPP loan: ASBURY STEEL, INC.
> **$1.40M** approved 04/10/2020 · Paid in Full · Loan `2447847103`
## Borrower
- **Name:** ASBURY STEEL, INC.
- **Address:** 9102 BIRCH ST, SPRING VALLEY, CA, 91977-4109
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **Rent:** $12K
- **Utilities:** $3K
- **Health care:** $20K
- **Jobs reported:** 74
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*