# PPP loan: GROVES SUPPLY CORPORATION
> **$1.38M** approved 03/17/2021 · Paid in Full · Loan `3621498603`
## Borrower
- **Name:** GROVES SUPPLY CORPORATION
- **Address:** 7301 Pinemont Dr, Houston, TX, 77040-6607
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 05/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.38M
- **Jobs reported:** 86
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*