# PPP loan: SMEDE-SON STEEL AND SUPPLY COMPANY
> **$661K** approved 04/16/2020 · Paid in Full · Loan `2526447208`
## Borrower
- **Name:** SMEDE-SON STEEL AND SUPPLY COMPANY
- **Address:** 12584 Inkster Road, Detroit, MI, 48239-2562
- **NAICS:** 331110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $661K
- **Initial approval:** $661K
- **Forgiven:** $665K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $661K
- **Jobs reported:** 46
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*