# PPP loan: M & S STEEL CORP
> **$290K** approved 04/08/2020 · Paid in Full · Loan `8056317010`
## Borrower
- **Name:** M & S STEEL CORP
- **Address:** 217 E Railroad St., GARRETT, IN, 46738-1085
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $293K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $232K
- **Rent:** $30K
- **Utilities:** $6K
- **Health care:** $22K
- **Jobs reported:** 32
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*