# PPP loan: CARBO FORGE, INC.
> **$873K** approved 04/05/2020 · Paid in Full · Loan `5521997007`
## Borrower
- **Name:** CARBO FORGE, INC.
- **Address:** 150 STATE ROUTE 523, FREMONT, OH, 43420-9364
- **NAICS:** 332111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $873K
- **Initial approval:** $873K
- **Forgiven:** $879K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Mortgage interest:** $87K
- **Utilities:** $87K
- **Jobs reported:** 49
## Lender
- **Originating:** The Old Fort Banking Company
- **Servicing:** The Old Fort Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*