# PPP loan: CHACON STEEL ERECTORS INC
> **$168K** approved 04/27/2020 · Paid in Full · Loan `5859237206`
## Borrower
- **Name:** CHACON STEEL ERECTORS INC
- **Address:** 1007 RIVER BEND RD, CLEVELAND, AL, 35049-5832
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $168K
- **Jobs reported:** 17
## Lender
- **Originating:** The HomeTown Bank of Alabama
- **Servicing:** The HomeTown Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*