# PPP loan: REEL STEEL, INC
> **$174K** approved 05/01/2020 · Paid in Full · Loan `5779277708`
## Borrower
- **Name:** REEL STEEL, INC
- **Address:** 2809 E DESERT COVE AVE, PHOENIX, AZ, 85028-2619
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $174K
- **Initial approval:** $189K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Jobs reported:** 14
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*