# PPP loan: STRAIT STEEL INC
> **$788K** approved 01/21/2021 · Paid in Full · Loan `2533368300`
## Borrower
- **Name:** STRAIT STEEL INC
- **Address:** 8400 Molly Pitcher Hwy, Greencastle, PA, 17225-9036
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $788K
- **Initial approval:** $788K
- **Forgiven:** $795K (101%)
- **Forgiveness date:** 12/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $788K
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** Orrstown Bank
- **Servicing:** Orrstown Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*