# PPP loan: ACCU-CUT DIAMOND TOOL COMPANY, INC.
> **$312K** approved 04/16/2020 · Paid in Full · Loan `2616377204`
## Borrower
- **Name:** ACCU-CUT DIAMOND TOOL COMPANY, INC.
- **Address:** 4238 N SAYRE AVE, NORRIDGE, IL, 60706
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $316K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $276K
- **Health care:** $37K
- **Jobs reported:** 37
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*