# PPP loan: J.C. STEEL CORP.
> **$2.05M** approved 04/06/2020 · Paid in Full · Loan `5901387003`
## Borrower
- **Name:** J.C. STEEL CORP.
- **Address:** 1229 Lakeland Avenue, BOHEMIA, NY, 11716-3302
- **NAICS:** 238190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.05M
- **Initial approval:** $1.62M
- **Forgiven:** $2.08M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.73M
- **Rent:** $324K
- **Jobs reported:** 214
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*