# PPP loan: FOUNDATION STEEL, LLC
> **$4.37M** approved 04/28/2020 · Paid in Full · Loan `7599627207`
## Borrower
- **Name:** FOUNDATION STEEL, LLC
- **Address:** 12525 AIRPORT HWY PO BOX 210, SWANTON, OH, 43558
- **NAICS:** 237310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.37M
- **Initial approval:** $4.37M
- **Forgiven:** $4.42M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Rent:** $437K
- **Utilities:** $437K
- **Jobs reported:** 170
## Lender
- **Originating:** The Croghan Colonial Bank
- **Servicing:** The Croghan Colonial Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*