# PPP loan: IDEAL STEEL LLC
> **$1.12M** approved 04/14/2020 · Paid in Full · Loan `7992197107`
## Borrower
- **Name:** IDEAL STEEL LLC
- **Address:** 1289 SMEDE HWY, BROUSSARD, LA, 70518
- **NAICS:** 332311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Jobs reported:** 107
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*