# PPP loan: ADVANCED CARBIDE GRINDING, INC.
> **$981K** approved 04/16/2020 · Paid in Full · Loan `2458867202`
## Borrower
- **Name:** ADVANCED CARBIDE GRINDING, INC.
- **Address:** 5369 STATE ROUTE 982, DERRY, PA, 15627-2726
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $981K
- **Initial approval:** $981K
- **Forgiven:** $991K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $981K
- **Jobs reported:** 87
## Lender
- **Originating:** First Commonwealth Bank
- **Servicing:** First Commonwealth Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*