# PPP loan: GEL INC
> **$1.98M** approved 04/04/2020 · Paid in Full · Loan `4760227002`
## Borrower
- **Name:** GEL INC
- **Address:** 2101 N Main St, EAST PEORIA, IL, 61611-1737
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $4.56M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.49M
- **Rent:** $495K
- **Jobs reported:** 214
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*