# PPP loan: GRADY'S LABOR SERVICE, INC.
> **$327K** approved 04/15/2020 · Paid in Full · Loan `2015187200`
## Borrower
- **Name:** GRADY'S LABOR SERVICE, INC.
- **Address:** 5744 AVENUE R, GALVESTON, TX, 77551-5526
- **NAICS:** 561311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $326K
- **Utilities:** $600
- **Jobs reported:** 40
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*