# PPP loan: SANDRAY PRECISION GRINDING, INC.
> **$402K** approved 04/06/2020 · Paid in Full · Loan `6282357010`
## Borrower
- **Name:** SANDRAY PRECISION GRINDING, INC.
- **Address:** 632 Grable Street, ROCKFORD, IL, 61109-2004
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $402K
- **Initial approval:** $402K
- **Forgiven:** $404K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $402K
- **Jobs reported:** 42
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*