# PPP loan: GRANITE BAY ACE HARDWARE INC
> **$158K** approved 05/01/2020 · Paid in Full · Loan `1236597705`
## Borrower
- **Name:** GRANITE BAY ACE HARDWARE INC
- **Address:** 8665 AUBURN FOLSOM RD, GRANITE BAY, CA, 95746
- **NAICS:** 444130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $95K
- **Rent:** $45K
- **Utilities:** $18K
- **Jobs reported:** 300
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*