# PPP loan: GRUBBS AUTOMOTIVE SA, LLC
> **$1.78M** approved 04/05/2020 · Exemption 4 · Loan `5524597000`
## Borrower
- **Name:** GRUBBS AUTOMOTIVE SA, LLC
- **Address:** 12150 INTERSTATE 10, SAN ANTONIO, TX, 78230-1056
- **NAICS:** 811121
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.78M
- **Initial approval:** $1.78M
- **Forgiven:** $1.03M (58%)
- **Forgiveness date:** 08/10/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.33M
- **Rent:** $222K
- **Utilities:** $222K
- **Jobs reported:** 68
## 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*