# PPP loan: GROSSMAN IRON AND STEEL COMPANY
> **$1.36M** approved 04/08/2020 · Paid in Full · Loan `7714947009`
## Borrower
- **Name:** GROSSMAN IRON AND STEEL COMPANY
- **Address:** 5 N Market St, SAINT LOUIS, MO, 63102-1415
- **NAICS:** 423930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Rent:** $7K
- **Utilities:** $100K
- **Jobs reported:** 94
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*