# PPP loan: PIERCE STEEL FABRICATORS & MACHINING INC
> **$225K** approved 01/25/2021 · Paid in Full · Loan `5120488307`
## Borrower
- **Name:** PIERCE STEEL FABRICATORS & MACHINING INC
- **Address:** 430 N 7th St, Olean, NY, 14760-2330
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $225K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Community Bank, National Association
- **Servicing:** Community Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*