# PPP loan: RIO GRANDE STEEL LTD
> **$416K** approved 04/14/2020 · Paid in Full · Loan `7148697109`
## Borrower
- **Name:** RIO GRANDE STEEL LTD
- **Address:** 213 E OWASSA, EDINBURG, TX, 78542-3052
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $420K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $416K
- **Jobs reported:** 67
## Lender
- **Originating:** Lone Star National Bank
- **Servicing:** Lone Star National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*