# PPP loan: SOUTHERN STEEL SUPPLY, LLC
> **$753K** approved 04/07/2020 · Paid in Full · Loan `7592887005`
## Borrower
- **Name:** SOUTHERN STEEL SUPPLY, LLC
- **Address:** 475 N DUNLAP ST, MEMPHIS, TN, 38120-2201
- **NAICS:** 423510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $753K
- **Initial approval:** $753K
- **Forgiven:** $758K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $661K
- **Rent:** $17K
- **Utilities:** $24K
- **Health care:** $51K
- **Jobs reported:** 75
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*