# PPP loan: M GRIECO ENTERPRISES, INC
> **$951K** approved 04/03/2020 · Paid in Full · Loan `4521307005`
## Borrower
- **Name:** M GRIECO ENTERPRISES, INC
- **Address:** 1651 NEW STATE HWY, RAYNHAM, MA, 02767-5444
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $951K
- **Initial approval:** $748K
- **Forgiven:** $962K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $811K
- **Rent:** $120K
- **Utilities:** $20K
- **Jobs reported:** 68
## Lender
- **Originating:** Mechanics Cooperative Bank
- **Servicing:** Mechanics Cooperative Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*