# PPP loan: GROTTO PIZZA INC.
> **$2.00M** approved 02/02/2021 · Paid in Full · Loan `1609158408`
## Borrower
- **Name:** GROTTO PIZZA INC.
- **Address:** 20376 Coastal Hwy, Rehoboth Beach, DE, 19971-8015
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.04M (102%)
- **Forgiveness date:** 03/15/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 275
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*