# PPP loan: GRACE LIFECARE INC
> **$721K** approved 05/06/2020 · Paid in Full · Loan `2786147404`
## Borrower
- **Name:** GRACE LIFECARE INC
- **Address:** 500 LENIOR ROAD, MORGANTON, NC, 28655
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $721K
- **Initial approval:** $721K
- **Forgiven:** $728K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $721K
- **Jobs reported:** 92
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*