# PPP loan: GORMAN INDUSTRIES, INC.
> **$203K** approved 05/05/2020 · Paid in Full · Loan `1833577403`
## Borrower
- **Name:** GORMAN INDUSTRIES, INC.
- **Address:** 1330 12th St. NW, Albuquerque, NM, 87104
- **NAICS:** 423730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Jobs reported:** 16
## Lender
- **Originating:** DreamSpring
- **Servicing:** DreamSpring (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*