# PPP loan: GRAVIC, INC.
> **$810K** approved 04/14/2020 · Paid in Full · Loan `6250827102`
## Borrower
- **Name:** GRAVIC, INC.
- **Address:** 17 GENERAL WARREN BLVD, MALVERN, PA, 19355-1245
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $810K
- **Initial approval:** $810K
- **Forgiven:** $818K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $785K
- **Rent:** $12K
- **Utilities:** $14K
- **Jobs reported:** 38
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*