# PPP loan: SHELBY GRACE MANAGEMENT CORPORATION
> **$286K** approved 01/23/2021 · Charged Off · Loan `4451908302`
## Borrower
- **Name:** SHELBY GRACE MANAGEMENT CORPORATION
- **Address:** 30617 Beryl Pl, Castaic, CA, 91384-4743
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $146K (51%)
- **Forgiveness date:** 03/29/2022
- **Status:** Charged Off
- **Term:** 31 months
## Use of funds
- **Payroll:** $286K
- **Jobs reported:** 42
## Lender
- **Originating:** MVB Bank, Inc.
- **Servicing:** MVB Bank, Inc. (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*