# PPP loan: D.T. READ STEEL CO. INC.
> **$721K** approved 02/08/2021 · Paid in Full · Loan `5548658409`
## Borrower
- **Name:** D.T. READ STEEL CO. INC.
- **Address:** 1751 West Rd, Chesapeake, VA, 23323-6430
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $721K
- **Initial approval:** $721K
- **Forgiven:** $723K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $721K
- **Jobs reported:** 69
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*