# PPP loan: GRASSER ELECTRIC CORPORATION
> **$904K** approved 04/06/2020 · Paid in Full · Loan `6320837003`
## Borrower
- **Name:** GRASSER ELECTRIC CORPORATION
- **Address:** 60 Boone Hills Dr, SAINT PETERS, MO, 63376-2409
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $904K
- **Initial approval:** $904K
- **Forgiven:** $910K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $904K
- **Jobs reported:** 49
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*