# PPP loan: GIPSON STEEL INC
> **$731K** approved 04/08/2020 · Paid in Full · Loan `8617837003`
## Borrower
- **Name:** GIPSON STEEL INC
- **Address:** 2770 SELLERS DRIVE, MERIDIAN, MS, 39301-1736
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $731K
- **Initial approval:** $731K
- **Forgiven:** $737K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $675K
- **Rent:** $30K
- **Utilities:** $26K
- **Jobs reported:** 65
## Lender
- **Originating:** Great Southern Bank
- **Servicing:** Great Southern Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*