# PPP loan: GRUBBS INFINITI, LTD.
> **$4.04M** approved 04/05/2020 · Exemption 4 · Loan `5389557006`
## Borrower
- **Name:** GRUBBS INFINITI, LTD.
- **Address:** 1500 E STATE HIGHWAY 114, GRAPEVINE, TX, 76051-7734
- **NAICS:** 441110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.04M
- **Initial approval:** $4.04M
- **Forgiven:** $2.36M (58%)
- **Forgiveness date:** 03/04/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.03M
- **Mortgage interest:** $505K
- **Utilities:** $505K
- **Jobs reported:** 163
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*