# PPP loan: GRACE MACHINE, INC
> **$226K** approved 04/13/2020 · Paid in Full · Loan `4543457103`
## Borrower
- **Name:** GRACE MACHINE, INC
- **Address:** 3644 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:** $226K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Utilities:** $5K
- **Debt interest:** $6K
- **Jobs reported:** 16
## 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*