# PPP loan: MAKSTEEL PROCESSING LLC
> **$307K** approved 04/05/2020 · Paid in Full · Loan `5248477002`
## Borrower
- **Name:** MAKSTEEL PROCESSING LLC
- **Address:** 4343 WYOMING ST, DEARBORN, MI, 48126-3724
- **NAICS:** 331110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Rent:** $77K
- **Jobs reported:** 26
## 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*