# PPP loan: GRAYSON CARTER & SON CONTRACTING, INC.
> **$1.02M** approved 04/08/2020 · Paid in Full · Loan `7990927010`
## Borrower
- **Name:** GRAYSON CARTER & SON CONTRACTING, INC.
- **Address:** 146 ROY LONG RD, ATHENS, AL, 35611-5747
- **NAICS:** 238390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $762K
- **Mortgage interest:** $152K
- **Utilities:** $102K
- **Jobs reported:** 104
## 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*