# PPP loan: GEMS WORLD NEGOCE INC
> **$307K** approved 03/16/2021 · Charged Off · Loan `2896118610`
## Borrower
- **Name:** GEMS WORLD NEGOCE INC
- **Address:** 62 W 47th St Ste 1209B, New York, NY, 10036-3201
- **NAICS:** 423940
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Status:** Charged Off
- **Term:** 30 months
## Use of funds
- **Payroll:** $306K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*