# PPP loan: GROUNDWORK RENEWABLES, INC.
> **$674K** approved 04/16/2020 · Paid in Full · Loan `2692567204`
## Borrower
- **Name:** GROUNDWORK RENEWABLES, INC.
- **Address:** 433 ORANGE AVE, SAND CITY, CA, 93955
- **NAICS:** 334519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $674K
- **Initial approval:** $674K
- **Forgiven:** $679K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $593K
- **Rent:** $21K
- **Health care:** $60K
- **Jobs reported:** 41
## 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*