# PPP loan: RIO STEEL & TOWER, LTD.
> **$396K** approved 04/07/2020 · Paid in Full · Loan `7340087005`
## Borrower
- **Name:** RIO STEEL & TOWER, LTD.
- **Address:** 12017 Mitchell Dr, Alvarado, TX, 76009-6134
- **NAICS:** 237130
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $396K
- **Initial approval:** $396K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Jobs reported:** 31
## Lender
- **Originating:** Trinity Bank, National Association
- **Servicing:** Trinity Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*