# PPP loan: GRAY MACHINE & WELDING INC
> **$265K** approved 04/10/2020 · Paid in Full · Loan `2491077105`
## Borrower
- **Name:** GRAY MACHINE & WELDING INC
- **Address:** 710 30TH AVE, ROCK ISLAND, IL, 61201-5269
- **NAICS:** 333992
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $269K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **Rent:** $40K
- **Utilities:** $13K
- **Jobs reported:** 18
## Lender
- **Originating:** TBK Bank, SSB
- **Servicing:** TBK Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*