# PPP loan: KARPEN STEEL PRODUCTS INC.
> **$214K** approved 04/15/2021 · Paid in Full · Loan `3756388809`
## Borrower
- **Name:** KARPEN STEEL PRODUCTS INC.
- **Address:** 181 Reems Creek Rd Ste 1, Weaverville, NC, 28787-8229
- **NAICS:** 332321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $214K
- **Initial approval:** $214K
- **Forgiven:** $215K (100%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $214K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*