# PPP loan: J.C. STEELE & SONS, INC
> **$1.80M** approved 04/08/2020 · Paid in Full · Loan `7873897004`
## Borrower
- **Name:** J.C. STEELE & SONS, INC
- **Address:** 710 S. Mulberry St., STATESVILLE, NC, 28677-5714
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.80M
- **Initial approval:** $2.13M
- **Forgiven:** $1.82M (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.80M
- **Jobs reported:** 130
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*