# PPP loan: ERIE STEEL, LTD
> **$546K** approved 04/07/2020 · Paid in Full · Loan `7391587002`
## Borrower
- **Name:** ERIE STEEL, LTD
- **Address:** 5540 Jackman Rd, TOLEDO, OH, 43613-2330
- **NAICS:** 332811
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $546K
- **Initial approval:** $546K
- **Forgiven:** $549K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $478K
- **Rent:** $40K
- **Utilities:** $28K
- **Jobs reported:** 51
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*