# PPP loan: GROUT SYSTEMS INC.
> **$516K** approved 02/12/2021 · Paid in Full · Loan `8027258405`
## Borrower
- **Name:** GROUT SYSTEMS INC.
- **Address:** 505 E Bergey St, Wadsworth, OH, 44281-2086
- **NAICS:** 238110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $516K
- **Initial approval:** $516K
- **Forgiven:** $520K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $516K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Westfield Bank, FSB
- **Servicing:** Westfield Bank, FSB (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*