# PPP loan: AMERICAN CUTTING & DRILLING CO
> **$258K** approved 04/14/2020 · Paid in Full · Loan `5844167108`
## Borrower
- **Name:** AMERICAN CUTTING & DRILLING CO
- **Address:** 2920 NW 22ND TERRACE, POMPANO BEACH, FL, 33069-1045
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 16
## Lender
- **Originating:** Centennial Bank
- **Servicing:** Centennial Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*