# PPP loan: SCHENECTADY STEEL CO. INC
> **$641K** approved 02/25/2021 · Paid in Full · Loan `4404658503`
## Borrower
- **Name:** SCHENECTADY STEEL CO. INC
- **Address:** 18 Mariaville Rd, Schenectady, NY, 12306-1316
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $645K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $641K
- **Jobs reported:** 53
## Lender
- **Originating:** Pioneer Bank, National Association
- **Servicing:** Pioneer Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*