# PPP loan: GRASCHE USA INC
> **$458K** approved 04/09/2020 · Paid in Full · Loan `1027197108`
## Borrower
- **Name:** GRASCHE USA INC
- **Address:** 240 PERFORMANCE DR, HICKORY, NC, 28602-4045
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $458K
- **Initial approval:** $458K
- **Forgiven:** $463K (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $418K
- **Utilities:** $20K
- **Health care:** $20K
- **Jobs reported:** 40
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*