# PPP loan: THE GERSON COMPANY
> **$2.71M** approved 04/04/2020 · Paid in Full · Loan `4994257003`
## Borrower
- **Name:** THE GERSON COMPANY
- **Address:** 1450 S Lone Elm Road, OLATHE, KS, 66061-7256
- **NAICS:** 424930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.71M
- **Initial approval:** $2.71M
- **Forgiven:** $2.66M (98%)
- **Forgiveness date:** 02/03/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.22M
- **Rent:** $83K
- **Utilities:** $80K
- **Health care:** $245K
- **Debt interest:** $80K
- **Jobs reported:** 250
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*