# PPP loan: CHASM ADVANCED MATERIALS, INC
> **$518K** approved 04/06/2020 · Paid in Full · Loan `5641737004`
## Borrower
- **Name:** CHASM ADVANCED MATERIALS, INC
- **Address:** 480 NEPONSET ST, CANTON, MA, 02021-1900
- **NAICS:** 541713
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $523K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $389K
- **Rent:** $28K
- **Utilities:** $19K
- **Health care:** $75K
- **Debt interest:** $7K
- **Jobs reported:** 30
## Lender
- **Originating:** Armstrong Bank
- **Servicing:** Armstrong Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*