# PPP loan: WILLIAM E. GROVES CONSTRUCTION, INC.
> **$6.16M** approved 04/14/2020 · Paid in Full · Loan `6429567107`
## Borrower
- **Name:** WILLIAM E. GROVES CONSTRUCTION, INC.
- **Address:** 3135 GRAPEVINE RD PO BOX 1205, MADISONVILLE, KY, 42431-0025
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.16M
- **Initial approval:** $6.16M
- **Forgiven:** $6.24M (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.16M
- **Jobs reported:** 359
## Lender
- **Originating:** Independence Bank of Kentucky
- **Servicing:** Independence Bank of Kentucky (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*