# PPP loan: RACE CITY STEEL INC
> **$388K** approved 04/07/2020 · Paid in Full · Loan `6561557003`
## Borrower
- **Name:** RACE CITY STEEL INC
- **Address:** 4052 NORTH HIGHWAY 16, DENVER, NC, 28037-7908
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $388K
- **Initial approval:** $388K
- **Forgiven:** $391K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Jobs reported:** 32
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*