# PPP loan: GEM SHAVINGS, LLC
> **$307K** approved 08/07/2020 · Paid in Full · Loan `5045058208`
## Borrower
- **Name:** GEM SHAVINGS, LLC
- **Address:** 2731 ACADEMY DR SUITE A4, AUBURN, WA, 98092-6303
- **NAICS:** 321113
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $307K
- **Jobs reported:** 26
## Lender
- **Originating:** Commencement Bank
- **Servicing:** Commencement Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*