# PPP loan: GPB 5 LLC
> **$1.65M** approved 05/01/2020 · Charged Off · Loan `4285137707`
## Borrower
- **Name:** GPB 5 LLC
- **Address:** 316 N FRANKLIN ST, HEMPSTEAD, NY, 11550
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.65M
- **Initial approval:** $1.65M
- **Forgiven:** $556K (34%)
- **Forgiveness date:** 12/23/2021
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $1.65M
- **Jobs reported:** 112
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*