# PPP loan: ADVANCED STEEL TECHNOLOGY INC.
> **$1.24M** approved 02/05/2021 · Paid in Full · Loan `3538828409`
## Borrower
- **Name:** ADVANCED STEEL TECHNOLOGY INC.
- **Address:** 300 W Hermitage Rd NE, Rome, GA, 30161-3400
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.24M
- **Utilities:** $1
- **Jobs reported:** 96
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*