# PPP loan: AMERICAN ALLOY STEEL, INC.
> **$4.24M** approved 04/09/2020 · Paid in Full · Loan `8982827009`
## Borrower
- **Name:** AMERICAN ALLOY STEEL, INC.
- **Address:** P.O. BOX 40469 0.0, Houston, TX, 77240-0469
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.24M
- **Initial approval:** $4.24M
- **Forgiven:** $4.29M (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.17M
- **Rent:** $620K
- **Utilities:** $88K
- **Health care:** $363K
- **Jobs reported:** 245
## 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*