# PPP loan: SHEAR-RITE STEEL CORP
> **$272K** approved 01/21/2021 · Paid in Full · Loan `2991378300`
## Borrower
- **Name:** SHEAR-RITE STEEL CORP
- **Address:** 80 Newtown Rd, Plainview, NY, 11803-4302
- **NAICS:** 331210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $272K
- **Initial approval:** $272K
- **Forgiven:** $274K (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $272K
- **Jobs reported:** 19
## Lender
- **Originating:** Flushing Bank
- **Servicing:** Flushing Bank (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*