# PPP loan: J&M DIAMOND TOOL, INC.
> **$327K** approved 04/07/2020 · Paid in Full · Loan `7025487007`
## Borrower
- **Name:** J&M DIAMOND TOOL, INC.
- **Address:** 43 Roger William Ave, RUMFORD, RI, 02916-2809
- **NAICS:** 331110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $329K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $327K
- **Jobs reported:** 23
## Lender
- **Originating:** Coastal1 Credit Union
- **Servicing:** Coastal1 Credit Union (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*