# PPP loan: EASTERN STEEL CORP
> **$542K** approved 04/28/2020 · Paid in Full · Loan `6887887204`
## Borrower
- **Name:** EASTERN STEEL CORP
- **Address:** 1946 PITKIN AVENUE, BROOKLYN, NY, 11207
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $542K
- **Initial approval:** $542K
- **Forgiven:** $549K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $532K
- **Jobs reported:** 34
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*