# PPP loan: UNITED GRINDING AND MACHINE CO.
> **$413K** approved 02/18/2021 · Paid in Full · Loan `1088878503`
## Borrower
- **Name:** UNITED GRINDING AND MACHINE CO.
- **Address:** 2315 Ellis Ave NE, Canton, OH, 44705-4603
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $413K
- **Initial approval:** $413K
- **Forgiven:** $417K (101%)
- **Forgiveness date:** 02/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $413K
- **Jobs reported:** 27
## Lender
- **Originating:** Premier Bank
- **Servicing:** Premier Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*