# PPP loan: MB STEEL COMPANY INC - MAB7412
> **$175K** approved 01/25/2021 · Paid in Full · Loan `5074638302`
## Borrower
- **Name:** MB STEEL COMPANY INC - MAB7412
- **Address:** 9 Fox Industrial Dr, Madison, IL, 62060-1170
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 04/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $175K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*