# PPP loan: PERFORMANCE FRICTION CORPORATION
> **$2.00M** approved 02/09/2021 · Paid in Full · Loan `5771598407`
## Borrower
- **Name:** PERFORMANCE FRICTION CORPORATION
- **Address:** 83 Carbon Metallic Hwy, Clover, SC, 29710-9610
- **NAICS:** 332812
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 245
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*