# PPP loan: GRAND AUTOMOTIVE INC
> **$246K** approved 04/28/2020 · Paid in Full · Loan `7106597203`
## Borrower
- **Name:** GRAND AUTOMOTIVE INC
- **Address:** 306 MAIN ST, HEMPSTEAD, NY, 11550
- **NAICS:** 441110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $203K (83%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $246K
- **Jobs reported:** 18
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*