# PPP loan: MCMAHON STEEL COMPANY, INC.
> **$4.30M** approved 04/04/2020 · Paid in Full · Loan `5044317009`
## Borrower
- **Name:** MCMAHON STEEL COMPANY, INC.
- **Address:** 1880 NIRVANA AVE, CHULA VISTA, CA, 91911-6118
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.30M
- **Initial approval:** $4.30M
- **Forgiven:** $4.35M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.24M
- **Rent:** $36K
- **Utilities:** $24K
- **Jobs reported:** 208
## Lender
- **Originating:** CalPrivate Bank
- **Servicing:** CalPrivate Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*