# PPP loan: TELL STEEL INC
> **$791K** approved 04/14/2020 · Paid in Full · Loan `7217357106`
## Borrower
- **Name:** TELL STEEL INC
- **Address:** 2345 W 17TH ST, LONG BEACH, CA, 90813-1017
- **NAICS:** 331210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $791K
- **Initial approval:** $791K
- **Forgiven:** $798K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $791K
- **Jobs reported:** 51
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*