# PPP loan: COMPASS STEEL ERECTION, INC.
> **$292K** approved 06/25/2020 · Paid in Full · Loan `4226048003`
## Borrower
- **Name:** COMPASS STEEL ERECTION, INC.
- **Address:** 6432 Fishtrap Road, DENTON, TX, 76208-1608
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $293K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $283K
- **Rent:** $9K
- **Jobs reported:** 30
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*