# PPP loan: GRINDCO, INC
> **$657K** approved 04/10/2020 · Paid in Full · Loan `1438687107`
## Borrower
- **Name:** GRINDCO, INC
- **Address:** 288 W 1050 N, CHESTERTON, IN, 46304-8806
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $662K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $657K
- **Jobs reported:** 45
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*