# PPP loan: VERDA STEEL CORP.
> **$199K** approved 04/09/2020 · Paid in Full · Loan `9098257008`
## Borrower
- **Name:** VERDA STEEL CORP.
- **Address:** 3061 Indian ave, PERRIS, CA, 92571-3207
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $202K (102%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Utilities:** $2K
- **Jobs reported:** 12
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*