# PPP loan: GRACON INC
> **$796K** approved 04/06/2020 · Paid in Full · Loan `5767297009`
## Borrower
- **Name:** GRACON INC
- **Address:** 358 HIGHWAY 5 NORTH, MOUNTAIN HOME, AR, 72653-3039
- **NAICS:** 621610
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $796K
- **Initial approval:** $796K
- **Forgiven:** $799K (100%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $796K
- **Jobs reported:** 135
## Lender
- **Originating:** FNBC Bank
- **Servicing:** FNBC Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*