# PPP loan: REGAL STEEL COMPANY
> **$431K** approved 04/28/2020 · Paid in Full · Loan `6995337200`
## Borrower
- **Name:** REGAL STEEL COMPANY
- **Address:** 2220 MORRISSEY AVE, WARREN, MI, 48091-3270
- **NAICS:** 331110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $431K
- **Initial approval:** $431K
- **Forgiven:** $434K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $431K
- **Jobs reported:** 39
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*