# PPP loan: MARTINEZ STEEL CORPORATION
> **$3.27M** approved 04/30/2020 · Paid in Full · Loan `5057527306`
## Borrower
- **Name:** MARTINEZ STEEL CORPORATION
- **Address:** 1500 HAVEN AVE Suite 150, ONTARIO, CA, 91761-2971
- **NAICS:** 331221
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $3.27M
- **Initial approval:** $3.27M
- **Forgiven:** $3.30M (101%)
- **Forgiveness date:** 06/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.77M
- **Rent:** $140K
- **Utilities:** $50K
- **Health care:** $90K
- **Debt interest:** $220K
- **Jobs reported:** 205
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*