# PPP loan: GRAY WHOLESALE, INC.
> **$217K** approved 04/07/2020 · Paid in Full · Loan `7591447000`
## Borrower
- **Name:** GRAY WHOLESALE, INC.
- **Address:** 1419 12th Street, LAWRENCEVILLE, IL, 62439-2512
- **NAICS:** 424820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Health care:** $35K
- **Jobs reported:** 16
## Lender
- **Originating:** The Peoples State Bank of Newton, Illinois
- **Servicing:** The Peoples State Bank of Newton, Illinois (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*