# PPP loan: TITON STEEL, INC.
> **$160K** approved 04/28/2020 · Paid in Full · Loan `8621177205`
## Borrower
- **Name:** TITON STEEL, INC.
- **Address:** 13110 Hwy 176, LAKE BLUFF, IL, 60044
- **NAICS:** 332111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 10/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Mortgage interest:** $38K
- **Utilities:** $2K
- **Jobs reported:** 9
## Lender
- **Originating:** Libertyville Bank & Trust Company, National Association
- **Servicing:** Libertyville Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*