# PPP loan: KATY STEEL CO., INC.
> **$987K** approved 04/08/2020 · Paid in Full · Loan `8710937003`
## Borrower
- **Name:** KATY STEEL CO., INC.
- **Address:** 28011 Highway Blvd 0.0, Katy, TX, 77494-0735
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $987K
- **Initial approval:** $987K
- **Forgiven:** $999K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $957K
- **Mortgage interest:** $20K
- **Utilities:** $10K
- **Jobs reported:** 61
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*