# PPP loan: TUFTS GRINDING, INC.
> **$466K** approved 04/07/2020 · Paid in Full · Loan `6540257008`
## Borrower
- **Name:** TUFTS GRINDING, INC.
- **Address:** 79 E 34th St, South Chicago Heights, IL, 60411-5501
- **NAICS:** 331221
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $466K
- **Initial approval:** $466K
- **Forgiven:** $469K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $466K
- **Jobs reported:** 44
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*