# PPP loan: BAKER STEEL COMPANY INC
> **$157K** approved 04/14/2020 · Paid in Full · Loan `5911307103`
## Borrower
- **Name:** BAKER STEEL COMPANY INC
- **Address:** 7600 Cherokee Drive, KATY, TX, 77494-1050
- **NAICS:** 331221
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Rent:** $25K
- **Jobs reported:** 15
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*