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Grace Machine, INC

$226,000 PPP Loan in Gray, Louisiana

Loan Details

Loan Number
4543457103
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$226,000
Current Approval
$226,000
Forgiveness Amount
$227,783
Forgiveness Date
Jan 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Grace Machine, INC
Address
3644 Main St
City
Gray
State
Louisiana
ZIP Code
70359-6122
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
LA-06

Loan Use Breakdown

Payroll
$215,000
Utilities
$5,000
Debt Interest
$6,000

Lender Information

Servicing Lender
South Louisiana Bank
Originating Lender
South Louisiana Bank

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