# PPP loan: GEM MANUFACTURING CO., INC.
> **$987K** approved 04/05/2020 · Paid in Full · Loan `5578047005`
## Borrower
- **Name:** GEM MANUFACTURING CO., INC.
- **Address:** 78 BROOKSIDE RD, WATERBURY, CT, 06708-1402
- **NAICS:** 332119
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $987K
- **Initial approval:** $987K
- **Forgiven:** $994K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $987K
- **Jobs reported:** 101
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*