# PPP loan: GRACE MACHINE INC.
> **$226K** approved 01/23/2021 · Paid in Full · Loan `4225958308`
## Borrower
- **Name:** GRACE MACHINE INC.
- **Address:** 3644 W Main St, Gray, LA, 70359-6122
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $255K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 04/20/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $226K
- **Jobs reported:** 14
## Lender
- **Originating:** South Louisiana Bank
- **Servicing:** South Louisiana Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*