# PPP loan: GOPHER UTILITIES SERVICES INC.
> **$157K** approved 04/05/2020 · Paid in Full · Loan `5420197004`
## Borrower
- **Name:** GOPHER UTILITIES SERVICES INC.
- **Address:** PO BOX 965, KANNAPOLIS, NC, 28082-0965
- **NAICS:** 532120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 17
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*