# PPP loan: ECHO QUALITY GRINDING INC.
> **$150K** approved 01/23/2021 · Paid in Full · Loan `4970558306`
## Borrower
- **Name:** ECHO QUALITY GRINDING INC.
- **Address:** 3166 Muckle Rd, Central Lake, MI, 49622-9526
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 14
## Lender
- **Originating:** Alden State Bank
- **Servicing:** Alden State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*