# PPP loan: EAST COAST STAINLESS, INC.
> **$193K** approved 05/01/2020 · Exemption 4 · Loan `7577647702`
## Borrower
- **Name:** EAST COAST STAINLESS, INC.
- **Address:** 22 Albe Drive, NEWARK, DE, 19702-1352
- **NAICS:** 423510
- **Business type:** Professional Association
- **Business age:** Unanswered
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $160K (83%)
- **Forgiveness date:** 07/06/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $193K
- **Jobs reported:** 9
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*