# PPP loan: GEM INDUSTRIAL ELECTRIC INC
> **$566K** approved 03/30/2021 · Paid in Full · Loan `2696318704`
## Borrower
- **Name:** GEM INDUSTRIAL ELECTRIC INC
- **Address:** 16902 Rio Maria Rd, Lakeside, CA, 92040-1178
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $566K
- **Initial approval:** $566K
- **Forgiven:** $567K (100%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $566K
- **Jobs reported:** 46
## Lender
- **Originating:** California CU
- **Servicing:** California CU (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*