# PPP loan: NICHOLS DIAMOND TOOL, INC
> **$298K** approved 04/28/2020 · Paid in Full · Loan `8808757202`
## Borrower
- **Name:** NICHOLS DIAMOND TOOL, INC
- **Address:** 2625 Fair Oaks Avenue, Redwood City, CA, 94063
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Rent:** $74K
- **Jobs reported:** 20
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*