# PPP loan: ANCHOR ABRASIVES CO.
> **$699K** approved 04/10/2020 · Paid in Full · Loan `2331047108`
## Borrower
- **Name:** ANCHOR ABRASIVES CO.
- **Address:** 7651 185th St, Tinley Park, IL, 60477-6267
- **NAICS:** 327910
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $699K
- **Initial approval:** $699K
- **Forgiven:** $702K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $699K
- **Jobs reported:** 45
## 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*