# PPP loan: GRANDTEX CORPORATION
> **$197K** approved 04/07/2020 · Paid in Full · Loan `6831087005`
## Borrower
- **Name:** GRANDTEX CORPORATION
- **Address:** 1615 W. SOUTH LOOP, STEPHENVILLE, TX, 76401-5007
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $25K
- **Mortgage interest:** $25K
- **Jobs reported:** 25
## Lender
- **Originating:** InterBank
- **Servicing:** InterBank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*