# PPP loan: ELLISON STEEL, INC.
> **$622K** approved 04/07/2020 · Paid in Full · Loan `7538127010`
## Borrower
- **Name:** ELLISON STEEL, INC.
- **Address:** 306 W LONGBOTHAM DR, GROESBECK, TX, 76642-2855
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $622K
- **Initial approval:** $622K
- **Forgiven:** $626K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $498K
- **Utilities:** $124K
- **Jobs reported:** 45
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*