# PPP loan: CAL GRINDING INC.
> **$505K** approved 03/04/2021 · Paid in Full · Loan `6851598510`
## Borrower
- **Name:** CAL GRINDING INC.
- **Address:** 1401 N 26th St, Escanaba, MI, 49829-2500
- **NAICS:** 332911
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 04/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $505K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Upper Peninsula State Bank
- **Servicing:** Upper Peninsula State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*