# PPP loan: SAMUEL GROSSI & SONS, INC.
> **$960K** approved 04/13/2020 · Paid in Full · Loan `4487587101`
## Borrower
- **Name:** SAMUEL GROSSI & SONS, INC.
- **Address:** 2526 State Road, BENSALEM, PA, 19020-7312
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $960K
- **Initial approval:** $960K
- **Forgiven:** $970K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $515K
- **Rent:** $100K
- **Health care:** $345K
- **Jobs reported:** 62
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*