# PPP loan: THE GILBERT RESIDENCE INC.
> **$715K** approved 03/20/2021 · Paid in Full · Loan `5311568604`
## Borrower
- **Name:** THE GILBERT RESIDENCE INC.
- **Address:** 203 S Huron St, Ypsilanti, MI, 48197-5422
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $715K
- **Initial approval:** $715K
- **Forgiven:** $720K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $715K
- **Utilities:** $1
- **Jobs reported:** 120
## Lender
- **Originating:** Bank of Ann Arbor
- **Servicing:** Bank of Ann Arbor (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*