# PPP loan: PIONEER STEEL CORPORATION
> **$590K** approved 04/27/2020 · Paid in Full · Loan `5054877202`
## Borrower
- **Name:** PIONEER STEEL CORPORATION
- **Address:** 7447 Intervale, Detroit, MI, 48238-2401
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $590K
- **Initial approval:** $590K
- **Forgiven:** $597K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $472K
- **Mortgage interest:** $118K
- **Jobs reported:** 59
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*