# PPP loan: SPARTANBURG STEEL PRODUCTS, INC.
> **$5.70M** approved 04/28/2020 · Paid in Full · Loan `9925927209`
## Borrower
- **Name:** SPARTANBURG STEEL PRODUCTS, INC.
- **Address:** 1290 NEW CUT RD, SPARTANBURG, SC, 29303-4733
- **NAICS:** 332111
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $5.70M
- **Initial approval:** $5.70M
- **Forgiven:** $5.76M (101%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.56M
- **Mortgage interest:** $1.14M
- **Jobs reported:** 333
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*