# PPP loan: TOWNSTEEL INC.
> **$711K** approved 01/19/2021 · Paid in Full · Loan `1615638308`
## Borrower
- **Name:** TOWNSTEEL INC.
- **Address:** 17901 Railroad St, City of Industry, CA, 91748-1113
- **NAICS:** 423710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $711K
- **Initial approval:** $711K
- **Forgiven:** $717K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $711K
- **Jobs reported:** 71
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*