# PPP loan: ACRO TOOL & DIE COMPANY
> **$551K** approved 05/29/2020 · Paid in Full · Loan `5032957800`
## Borrower
- **Name:** ACRO TOOL & DIE COMPANY
- **Address:** 325 Morgan Avenue, AKRON, OH, 44311-2423
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $551K
- **Initial approval:** $551K
- **Forgiven:** $556K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $438K
- **Rent:** $20K
- **Utilities:** $20K
- **Health care:** $73K
- **Jobs reported:** 34
## 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*