# PPP loan: DIVERSIFIED CONVERTER MATERIALS, INC
> **$163K** approved 04/05/2020 · Paid in Full · Loan `5179517007`
## Borrower
- **Name:** DIVERSIFIED CONVERTER MATERIALS, INC
- **Address:** 8650 SEWARD RD, FAIRFIELD, OH, 45011-9716
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 9
## Lender
- **Originating:** Stock Yards Bank & Trust Company
- **Servicing:** Stock Yards Bank & Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*