# PPP loan: GROCO SPECIALTY COATINGS LLC
> **$189K** approved 02/12/2021 · Paid in Full · Loan `7882008407`
## Borrower
- **Name:** GROCO SPECIALTY COATINGS LLC
- **Address:** 280 W Maple Rd, Birmingham, MI, 48009-3325
- **NAICS:** 325510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $189K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*