# PPP loan: FEDERAL STEEL AND ERECTION CO
> **$2.02M** approved 04/04/2020 · Paid in Full · Loan `4893177004`
## Borrower
- **Name:** FEDERAL STEEL AND ERECTION CO
- **Address:** 206 E ALTON AVE, EAST ALTON, IL, 62024-1464
- **NAICS:** 332111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.02M
- **Initial approval:** $2.02M
- **Forgiven:** $1.64M (81%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.02M
- **Jobs reported:** 92
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*