# PPP loan: AB STEEL INC
> **$312K** approved 04/08/2020 · Paid in Full · Loan `7976057002`
## Borrower
- **Name:** AB STEEL INC
- **Address:** 5601 COVERED BRIDGE CIR, OREFIELD, PA, 18069-2262
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $316K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 10
## Lender
- **Originating:** First Commonwealth FCU
- **Servicing:** First Commonwealth FCU (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*