# PPP loan: GRIMCO, INC.
> **$7.66M** approved 04/06/2020 · Exemption 4 · Loan `5990747005`
## Borrower
- **Name:** GRIMCO, INC.
- **Address:** 11745 Sappington Barracks Rd, SAINT LOUIS, MO, 63127-1815
- **NAICS:** 331315
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.66M
- **Initial approval:** $7.66M
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.16M
- **Rent:** $1.50M
- **Jobs reported:** 500
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*