# PPP loan: GRACE FOOD DISTRIBUTION, INC.
> **$229K** approved 04/27/2020 · Paid in Full · Loan `5385077203`
## Borrower
- **Name:** GRACE FOOD DISTRIBUTION, INC.
- **Address:** 5646 SHATTALON DR, WINSTON SALEM, NC, 27105-1331
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $232K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $185K
- **Rent:** $40K
- **Utilities:** $4K
- **Jobs reported:** 61
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*