# PPP loan: GC CONSTRUCTION AND DEVELOPMENT INC.
> **$172K** approved 02/03/2021 · Paid in Full · Loan `2340878402`
## Borrower
- **Name:** GC CONSTRUCTION AND DEVELOPMENT INC.
- **Address:** 10281 Iron Rock Way Ste 200, Elk Grove, CA, 95624-1361
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 05/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $172K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Farmers & Merchants Bank of Central California
- **Servicing:** Farmers & Merchants Bank of Central California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*