# PPP loan: M&M QUALITY GRINDING, INC
> **$312K** approved 07/24/2020 · Paid in Full · Loan `7887748100`
## Borrower
- **Name:** M&M QUALITY GRINDING, INC
- **Address:** 6846 W  60TH PL, CHICAGO, IL, 60638-4034
- **NAICS:** 331513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $234K
- **Rent:** $47K
- **Utilities:** $31K
- **Jobs reported:** 28
## Lender
- **Originating:** St. Charles Bank & Trust Company, National Association
- **Servicing:** St. Charles Bank & Trust Company, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*