# PPP loan: GRACE WATERS INC.
> **$406K** approved 02/05/2021 · Paid in Full · Loan `3697728400`
## Borrower
- **Name:** GRACE WATERS INC.
- **Address:** 5 John St, Bristol, RI, 02809-1809
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $413K (102%)
- **Forgiveness date:** 08/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $406K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*