# PPP loan: EXACT CUTTING SERVICE INC.
> **$220K** approved 04/09/2020 · Paid in Full · Loan `9815667006`
## Borrower
- **Name:** EXACT CUTTING SERVICE INC.
- **Address:** 6892 west SNOWVILLE RD, BRECKSVILLE, OH, 44141-3214
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $187K (85%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Rent:** $15K
- **Utilities:** $15K
- **Jobs reported:** 13
## Lender
- **Originating:** Independence Bank
- **Servicing:** Independence Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*