# PPP loan: GEM-CRAFT INC.
> **$246K** approved 04/29/2020 · Paid in Full · Loan `2973887300`
## Borrower
- **Name:** GEM-CRAFT INC.
- **Address:** 1420 ELMWOOD AVE, CRANSTON, RI, 02910-3847
- **NAICS:** 339910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $246K
- **Jobs reported:** 33
## Lender
- **Originating:** The Washington Trust Company of Westerly
- **Servicing:** The Washington Trust Company of Westerly (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*