# PPP loan: GERSTEL OFFICE FURNITURE INC
> **$292K** approved 02/04/2021 · Paid in Full · Loan `2749148401`
## Borrower
- **Name:** GERSTEL OFFICE FURNITURE INC
- **Address:** 584 N Frederick Ave, Gaithersburg, MD, 20877-2504
- **NAICS:** 442110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $293K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $292K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*