# PPP loan: SABEL STEEL SERVICE, INC.
> **$3.08M** approved 04/09/2020 · Paid in Full · Loan `8981037006`
## Borrower
- **Name:** SABEL STEEL SERVICE, INC.
- **Address:** 749 N. COURT ST, MONTGOMERY, AL, 36104-2301
- **NAICS:** 423510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.08M
- **Initial approval:** $3.08M
- **Forgiven:** $3.12M (101%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.31M
- **Mortgage interest:** $257K
- **Utilities:** $257K
- **Health care:** $257K
- **Jobs reported:** 235
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*