# PPP loan: GROUT, INC
> **$223K** approved 04/14/2020 · Paid in Full · Loan `6241107107`
## Borrower
- **Name:** GROUT, INC
- **Address:** 8782 COUNTY ROAD 26, HOPE HULL, AL, 36043-6209
- **NAICS:** 212321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Rent:** $45K
- **Utilities:** $11K
- **Jobs reported:** 25
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*