# PPP loan: DOWNEY GRINDING COMPANY
> **$459K** approved 05/21/2020 · Paid in Full · Loan `1597527810`
## Borrower
- **Name:** DOWNEY GRINDING COMPANY
- **Address:** 12323 BELLFLOWER BLVD, DOWNEY, CA, 90242-2829
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $459K
- **Initial approval:** $459K
- **Forgiven:** $464K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $459K
- **Jobs reported:** 40
## 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*