# PPP loan: MST STEEL CORPORATION
> **$1.24M** approved 01/23/2021 · Paid in Full · Loan `4661938309`
## Borrower
- **Name:** MST STEEL CORPORATION
- **Address:** 24417 Groesbeck Hwy, Warren, MI, 48089-4723
- **NAICS:** 423510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.24M
- **Utilities:** $1
- **Jobs reported:** 67
## Lender
- **Originating:** Oxford Bank
- **Servicing:** Oxford Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*