# PPP loan: PALMER STEEL SUPPLIES, INC
> **$1.24M** approved 04/09/2020 · Paid in Full · Loan `9034057008`
## Borrower
- **Name:** PALMER STEEL SUPPLIES, INC
- **Address:** 4300 ACAPULCO AVE, MCALLEN, TX, 78503-8823
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Jobs reported:** 131
## Lender
- **Originating:** Texas Regional Bank
- **Servicing:** Texas Regional Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*