# PPP loan: GRIMES UTILITIES, INC.
> **$394K** approved 04/14/2020 · Paid in Full · Loan `7778937103`
## Borrower
- **Name:** GRIMES UTILITIES, INC.
- **Address:** 385 CORPORATE WAY, ORANGE PARK, FL, 32073-2899
- **NAICS:** 237110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $359K (91%)
- **Forgiveness date:** 11/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $296K
- **Rent:** $49K
- **Utilities:** $49K
- **Jobs reported:** 10
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*