# PPP loan: NEW BEGINNINGS STEEL ERECTION
> **$472K** approved 04/27/2020 · Paid in Full · Loan `3657167201`
## Borrower
- **Name:** NEW BEGINNINGS STEEL ERECTION
- **Address:** 8551 FM 35, ROYSE CITY, TX, 75189
- **NAICS:** 238120
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $477K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $472K
- **Jobs reported:** 120
## Lender
- **Originating:** The City National Bank of Sulphur Springs
- **Servicing:** The City National Bank of Sulphur Springs (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*