# PPP loan: GEM FINANCIAL SERVICES INC
> **$1.45M** approved 04/28/2020 · Paid in Full · Loan `1065907304`
## Borrower
- **Name:** GEM FINANCIAL SERVICES INC
- **Address:** 98 ROCKWELL PL, SUITE 2, BROOKLYN, NY, 11217
- **NAICS:** 522298
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.47M (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.45M
- **Jobs reported:** 155
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*