# PPP loan: STEEL YARD INC
> **$375K** approved 04/08/2020 · Paid in Full · Loan `7693707007`
## Borrower
- **Name:** STEEL YARD INC
- **Address:** 304 N 35th Ave, Paragould, AR, 72450
- **NAICS:** 331210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $380K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $25K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Jobs reported:** 40
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*