# PPP loan: SPECIALIZED GRINDING SYSTEMS INC
> **$243K** approved 01/27/2021 · Paid in Full · Loan `6876178302`
## Borrower
- **Name:** SPECIALIZED GRINDING SYSTEMS INC
- **Address:** 432 Mount Bethel Hwy, Bangor, PA, 18013-5242
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $243K
- **Jobs reported:** 17
## Lender
- **Originating:** Fidelity Deposit and Discount Bank
- **Servicing:** Fidelity Deposit and Discount Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*