# PPP loan: STALEY STEEL LLC
> **$709K** approved 04/08/2020 · Paid in Full · Loan `8505377002`
## Borrower
- **Name:** STALEY STEEL LLC
- **Address:** 9620 ST JOHN ROAD, PILOT POINT, TX, 76258-6618
- **NAICS:** 332312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $709K
- **Initial approval:** $709K
- **Forgiven:** $714K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $567K
- **Rent:** $71K
- **Utilities:** $71K
- **Jobs reported:** 58
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*