# PPP loan: GRINDAL COMPANY
> **$170K** approved 04/30/2020 · Paid in Full · Loan `7080437300`
## Borrower
- **Name:** GRINDAL COMPANY
- **Address:** 1551 INDUSTRIAL DR, ITASCA, IL, 60143-1849
- **NAICS:** 332813
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $20K
- **Utilities:** $3K
- **Jobs reported:** 14
## Lender
- **Originating:** Itasca Bank & Trust Co.
- **Servicing:** Itasca Bank & Trust Co. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*