# PPP loan: STEEL CRAFT TECHNOLOGIES
> **$1.53M** approved 04/07/2020 · Paid in Full · Loan `6511107010`
## Borrower
- **Name:** STEEL CRAFT TECHNOLOGIES
- **Address:** 8057 GRAPHIC DR, BELMONT, MI, 49306-9448
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.53M
- **Initial approval:** $1.53M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Rent:** $210K
- **Utilities:** $77K
- **Health care:** $200K
- **Debt interest:** $18K
- **Jobs reported:** 103
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*