# PPP loan: METROPOLITAN STEEL, INC
> **$1.84M** approved 04/04/2020 · Paid in Full · Loan `4801217007`
## Borrower
- **Name:** METROPOLITAN STEEL, INC
- **Address:** 1931 E 177TH STREET, LANSING, IL, 60438-1566
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.84M
- **Initial approval:** $1.84M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.84M
- **Jobs reported:** 63
## Lender
- **Originating:** American Commercial Bank & Trust, National Association
- **Servicing:** American Commercial Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*