# PPP loan: GEM STATE PAPER & SUPPLY CO.
> **$700K** approved 04/03/2020 · Paid in Full · Loan `4426037009`
## Borrower
- **Name:** GEM STATE PAPER & SUPPLY CO.
- **Address:** 1801 HIGHLAND AVE, TWIN FALLS, ID, 83301-7923
- **NAICS:** 424110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $705K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $560K
- **Rent:** $70K
- **Mortgage interest:** $70K
- **Jobs reported:** 79
## Lender
- **Originating:** First Federal Savings Bank of Twin Falls
- **Servicing:** First Federal Savings Bank of Twin Falls (ID)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*