# PPP loan: GROVES EQUIPMENT RENTAL CO. INC.
> **$1.10M** approved 01/21/2021 · Paid in Full · Loan `2774138302`
## Borrower
- **Name:** GROVES EQUIPMENT RENTAL CO. INC.
- **Address:** 4688 Pure Atlantic Rd, Groves, TX, 77619-6504
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.10M (100%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.10M
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Third Coast Bank
- **Servicing:** Third Coast Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*