# PPP loan: GRACE LIFE OF THE SHOALS
> **$304K** approved 04/07/2020 · Paid in Full · Loan `7202487009`
## Borrower
- **Name:** GRACE LIFE OF THE SHOALS
- **Address:** 1915 AVALON AVE, MUSCLE SHOALS, AL, 35661-3119
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $304K
- **Initial approval:** $304K
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Mortgage interest:** $46K
- **Utilities:** $30K
- **Jobs reported:** 24
## Lender
- **Originating:** First Metro Bank
- **Servicing:** First Metro Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*