# PPP loan: INSTEEL CORPORATION
> **$626K** approved 04/08/2020 · Paid in Full · Loan `7974157004`
## Borrower
- **Name:** INSTEEL CORPORATION
- **Address:** 46 EASTMAN ST STE 2, SOUTH EASTON, MA, 02375-1249
- **NAICS:** 332323
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $626K
- **Initial approval:** $626K
- **Forgiven:** $632K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $626K
- **Jobs reported:** 30
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*