# PPP loan: RAPID STEEL SUPPLY CORP
> **$475K** approved 01/23/2021 · Paid in Full · Loan `4582028309`
## Borrower
- **Name:** RAPID STEEL SUPPLY CORP
- **Address:** 4963 30th St, Long Island City, NY, 11101-3406
- **NAICS:** 331210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $480K (101%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $475K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*