# PPP loan: GBS RESTAURANTS INC
> **$1.32M** approved 04/27/2020 · Paid in Full · Loan `3947007208`
## Borrower
- **Name:** GBS RESTAURANTS INC
- **Address:** 532 PLEASANT RIDGE RD, BLOOMINGTON, IN, 47401
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.32M
- **Initial approval:** $1.32M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 04/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $856K
- **Rent:** $303K
- **Utilities:** $83K
- **Health care:** $39K
- **Debt interest:** $41K
- **Jobs reported:** 400
## Lender
- **Originating:** Home Bank, SB
- **Servicing:** Home Bank, SB (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*