PPP Loan information for Phillips steel company

$842,750

Phillips steel company was initially approved for PPP Loan of amount $842,750, the current approved amount is $842,750. The loan was approved on 04/11/2020 by The American Business Bank reported 65 jobs and $842,750 was used to fund payroll.

Phillips steel company is Existing or more than 2 years old

PHILLIPS STEEL COMPANY

Date Approved

04/11/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

PHILLIPS STEEL COMPANY

Borrower Address

1368 W ANAHEIM ST

Borrower City

LONG BEACH

Borrower State

CA

Borrower Zip

90813-2730

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

842750.00

Current Approval Amount

842750.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123001

Servicing Lender Name

American Business Bank

Servicing Lender Address

2400 E. Katella Ave. Ste 350

Servicing Lender City

Anaheim

Servicing Lender State

CA

Servicing Lender Zip

92806

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LONG BEACH

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90813-2730

CD

CA-42

Jobs Reported

65

NAICS Code

331491

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

842750.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

123001

Originating Lender

American Business Bank

Originating Lender City

Anaheim

Originating Lender State

CA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

851662.37

Forgiveness Date

05/13/2021

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