# PPP loan: SUMMIT STEEL, INC
> **$717K** approved 04/16/2020 · Paid in Full · Loan `2498297202`
## Borrower
- **Name:** SUMMIT STEEL, INC
- **Address:** 5332 System Drive, HUNTINGTON BEACH, CA, 92649-1529
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $717K
- **Initial approval:** $717K
- **Forgiven:** $723K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $717K
- **Jobs reported:** 45
## Lender
- **Originating:** First Foundation Bank
- **Servicing:** First Foundation Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*