# PPP loan: PENNSYLVANIA STEEL CO INC
> **$2.08M** approved 04/28/2020 · Paid in Full · Loan `9197397206`
## Borrower
- **Name:** PENNSYLVANIA STEEL CO INC
- **Address:** 1717 Woodhaven Drive, Bensalem, PA, 19020
- **NAICS:** 423510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.08M
- **Initial approval:** $2.08M
- **Forgiven:** $2.10M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.58M
- **Rent:** $76K
- **Health care:** $234K
- **Debt interest:** $189K
- **Jobs reported:** 171
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*