# PPP loan: ANCHOR ABRASIVES COMPANY
> **$894K** approved 01/20/2021 · Paid in Full · Loan `2148968307`
## Borrower
- **Name:** ANCHOR ABRASIVES COMPANY
- **Address:** 7651 185th St, Tinley Park, IL, 60477-6267
- **NAICS:** 327910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $894K
- **Initial approval:** $699K
- **Forgiven:** $900K (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $894K
- **Utilities:** $1
- **Jobs reported:** 46
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*