# PPP loan: KLINGSPOR ABRASIVES INC.
> **$3.50M** approved 04/28/2020 · Paid in Full · Loan `9096937203`
## Borrower
- **Name:** KLINGSPOR ABRASIVES INC.
- **Address:** 2555 Tate Boulevard, Hickory, NC, 28602-1445
- **NAICS:** 327910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.50M
- **Initial approval:** $3.50M
- **Forgiven:** $3.54M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Jobs reported:** 391
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*