# PPP loan: ALUCHEM INC.
> **$1.35M** approved 06/29/2021 · Paid in Full · Loan `1161319100`
## Borrower
- **Name:** ALUCHEM INC.
- **Address:** 1 Landy Ln, Cincinnati, OH, 45215-3405
- **NAICS:** 327992
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.35M (100%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.35M
- **Utilities:** $1
- **Jobs reported:** 92
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*