# PPP loan: FRICTION COATING CORP
> **$176K** approved 03/31/2021 · Paid in Full · Loan `3326738709`
## Borrower
- **Name:** FRICTION COATING CORP
- **Address:** 44833 Centre Ct, Clinton Township, MI, 48038-1316
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $176K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*