# PPP loan: GROSSBERG COMPANY LLP
> **$1.24M** approved 04/09/2020 · Paid in Full · Loan `1119387103`
## Borrower
- **Name:** GROSSBERG COMPANY LLP
- **Address:** 6500 ROCK SPRING DR Suite 200, BETHESDA, MD, 20817-1105
- **NAICS:** 541211
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $994K
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Rent:** $104K
- **Utilities:** $2K
- **Jobs reported:** 47
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*