# PPP loan: AMERICAN FRICTION TECHNOLOGIES, LLC
> **$687K** approved 04/27/2020 · Exemption 4 · Loan `5725877204`
## Borrower
- **Name:** AMERICAN FRICTION TECHNOLOGIES, LLC
- **Address:** 9300 MIDWEST AVE, CLEVELAND, OH, 44125-2418
- **NAICS:** 336340
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $687K
- **Initial approval:** $687K
- **Forgiven:** $658K (96%)
- **Forgiveness date:** 03/31/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $687K
- **Jobs reported:** 75
## Lender
- **Originating:** The Middlefield Banking Company
- **Servicing:** The Middlefield Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*