# PPP loan: GRAVOC ASSOCIATES, INC.
> **$942K** approved 04/05/2020 · Paid in Full · Loan `5092297010`
## Borrower
- **Name:** GRAVOC ASSOCIATES, INC.
- **Address:** 10 CENTENNIAL DR, Suite 105, PEABODY, MA, 01960-2298
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $942K
- **Initial approval:** $1.15M
- **Forgiven:** $949K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $942K
- **Jobs reported:** 66
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*