# PPP loan: GATEWAY SECURITY INC
> **$4.48M** approved 04/29/2020 · Paid in Full · Loan `2006777307`
## Borrower
- **Name:** GATEWAY SECURITY INC
- **Address:** 604 Market Street, Newark, NJ, 07105
- **NAICS:** 561612
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.48M
- **Initial approval:** $4.48M
- **Forgiven:** $4.53M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.01M
- **Rent:** $66K
- **Utilities:** $39K
- **Health care:** $323K
- **Debt interest:** $50K
- **Jobs reported:** 487
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*