# PPP loan: DESERT STEEL CO., INC.
> **$424K** approved 04/27/2020 · Paid in Full · Loan `5111037205`
## Borrower
- **Name:** DESERT STEEL CO., INC.
- **Address:** 3613 Kim Drive, Irving, TX, 75061
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $424K
- **Jobs reported:** 60
## Lender
- **Originating:** Capital One, National Association
- **Servicing:** Capital One, National Association (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*