# PPP loan: GRACE CENTERS OF HOPE
> **$600K** approved 05/01/2020 · Paid in Full · Loan `2971987705`
## Borrower
- **Name:** GRACE CENTERS OF HOPE
- **Address:** 35 E HURON ST, PONTIAC, MI, 48342
- **NAICS:** 624221
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $600K
- **Initial approval:** $600K
- **Forgiven:** $604K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $470K
- **Rent:** $38K
- **Mortgage interest:** $300
- **Utilities:** $61K
- **Health care:** $30K
- **Debt interest:** $400
- **Jobs reported:** 106
## 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*