# PPP loan: GEM FOODS OF BROOKLYN INC
> **$163K** approved 05/01/2020 · Paid in Full · Loan `2962867702`
## Borrower
- **Name:** GEM FOODS OF BROOKLYN INC
- **Address:** 4101 4th Ave, Brooklyn, NY, 11232
- **NAICS:** 999990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $14K
- **Utilities:** $19K
- **Jobs reported:** 32
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*