# PPP loan: GEM CARE INC
> **$1.49M** approved 02/04/2021 · Paid in Full · Loan `3112548400`
## Borrower
- **Name:** GEM CARE INC
- **Address:** 10820 Murdock Dr Ste 101, Knoxville, TN, 37932-3275
- **NAICS:** 561311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 02/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.49M
- **Utilities:** $1
- **Jobs reported:** 207
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*