# PPP loan: ADVANCED CARBIDE GRINDING INC.
> **$979K** approved 03/18/2021 · Paid in Full · Loan `4305318609`
## 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:** $979K
- **Initial approval:** $979K
- **Forgiven:** $989K (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $979K
- **Jobs reported:** 96
## 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*