# PPP loan: GRACO REAL ESTATE DEVELOPMENT INC
> **$216K** approved 03/17/2021 · Paid in Full · Loan `3424888603`
## Borrower
- **Name:** GRACO REAL ESTATE DEVELOPMENT INC
- **Address:** 5307 W Loop 289 Ste 302, Lubbock, TX, 79414-1680
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $217K (100%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $216K
- **Jobs reported:** 13
## Lender
- **Originating:** Amarillo National Bank
- **Servicing:** Amarillo National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*