# PPP loan: GMS INDUSTRIES, INC.
> **$160K** approved 01/17/2021 · Paid in Full · Loan `1494868310`
## Borrower
- **Name:** GMS INDUSTRIES, INC.
- **Address:** 22552 Avenida Empresa, Rancho Santa Margarita, CA, 92688-2002
- **NAICS:** 561910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 11/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $159K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*