# PPP loan: MCCOMBS STEEL CO INC
> **$1.01M** approved 04/14/2020 · Paid in Full · Loan `5835807108`
## Borrower
- **Name:** MCCOMBS STEEL CO INC
- **Address:** 117 SLINGSHOT RD, STATESVILLE, NC, 28677-8604
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 100
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*