# PPP loan: GP ASSOCIATES INC
> **$625K** approved 01/22/2021 · Exemption 4 · Loan `4025858308`
## Borrower
- **Name:** GP ASSOCIATES INC
- **Address:** 7048 Knightdale Blvd Ste 220C, Knightdale, NC, 27545-8800
- **NAICS:** 238910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $625K
- **Initial approval:** $625K
- **Forgiven:** $613K (98%)
- **Forgiveness date:** 08/01/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $625K
- **Jobs reported:** 51
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*