# PPP loan: BAY STEEL CORP
> **$194K** approved 02/09/2021 · Paid in Full · Loan `5970678410`
## Borrower
- **Name:** BAY STEEL CORP
- **Address:** 5600 Todd Acres Dr, Mobile, AL, 36619
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 05/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $194K
- **Jobs reported:** 14
## Lender
- **Originating:** SmartBank
- **Servicing:** SmartBank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*