# PPP loan: GEM BUILDING CORP
> **$253K** approved 04/10/2020 · Paid in Full · Loan `1515247109`
## Borrower
- **Name:** GEM BUILDING CORP
- **Address:** 2513 58th St, HAMPTON, VA, 23661-1211
- **NAICS:** 238130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $253K
- **Jobs reported:** 24
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*