# PPP loan: RICHMOND STEEL INC
> **$290K** approved 04/14/2020 · Paid in Full · Loan `6325887104`
## Borrower
- **Name:** RICHMOND STEEL INC
- **Address:** 50570 E RUSSELL SCHMIDT BLVD, CHESTERFIELD, MI, 48051-2451
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $277K (95%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $290K
- **Jobs reported:** 26
## 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*