# PPP loan: GRAND VALLEY AUTOMATION, INC.
> **$722K** approved 04/05/2020 · Paid in Full · Loan `5587227002`
## Borrower
- **Name:** GRAND VALLEY AUTOMATION, INC.
- **Address:** 4275 Spartan Industrial Drive, Grandville, MI, 49418-2503
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $722K
- **Initial approval:** $722K
- **Forgiven:** $728K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $722K
- **Jobs reported:** 49
## Lender
- **Originating:** Grand River Bank
- **Servicing:** Grand River Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*