# PPP loan: HI-TECH STEEL TREATING, INC.
> **$553K** approved 04/27/2020 · Paid in Full · Loan `4155557205`
## Borrower
- **Name:** HI-TECH STEEL TREATING, INC.
- **Address:** 2720 ROBERTS ST, SAGINAW, MI, 48601-3133
- **NAICS:** 332811
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $553K
- **Initial approval:** $553K
- **Forgiven:** $559K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $449K
- **Health care:** $104K
- **Jobs reported:** 46
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*