# PPP loan: CHAPPELL STEEL CO. INC.
> **$161K** approved 02/08/2021 · Paid in Full · Loan `5525748409`
## Borrower
- **Name:** CHAPPELL STEEL CO. INC.
- **Address:** 3545 Scotten St, Detroit, MI, 48210-3159
- **NAICS:** 331210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 05/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $161K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Itria Ventures LLC
- **Servicing:** Itria Ventures LLC (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*