# PPP loan: GRAPIDS HEATING AND COOLING, INC.
> **$524K** approved 04/12/2020 · Paid in Full · Loan `3779017102`
## Borrower
- **Name:** GRAPIDS HEATING AND COOLING, INC.
- **Address:** 3325 3 Mile Road NW, GRAND RAPIDS, MI, 49534-1225
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $528K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $393K
- **Rent:** $66K
- **Utilities:** $66K
- **Jobs reported:** 43
## Lender
- **Originating:** Security State Bank
- **Servicing:** Security State Bank (WY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*