# PPP loan: GATEWAY OF STURGIS, L.L.C.
> **$517K** approved 04/05/2020 · Paid in Full · Loan `5567677000`
## Borrower
- **Name:** GATEWAY OF STURGIS, L.L.C.
- **Address:** 227 W Chiago St, STURGIS, MI, 49091-1706
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $517K
- **Initial approval:** $517K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $398K
- **Rent:** $48K
- **Utilities:** $55K
- **Health care:** $16K
- **Jobs reported:** 58
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*