# PPP loan: GAGE PROPERTIES INC
> **$608K** approved 04/03/2020 · Paid in Full · Loan `4550037006`
## Borrower
- **Name:** GAGE PROPERTIES INC
- **Address:** 102 NW Hwy 90, MARATHON, TX, 79842-9800
- **NAICS:** 721310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $608K
- **Initial approval:** $608K
- **Forgiven:** $612K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $456K
- **Mortgage interest:** $76K
- **Utilities:** $76K
- **Jobs reported:** 112
## Lender
- **Originating:** TransPecos Banks, SSB.
- **Servicing:** TransPecos Banks, SSB. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*