# PPP loan: GM WHOLESALE LTD.
> **$228K** approved 04/13/2020 · Paid in Full · Loan `5661787103`
## Borrower
- **Name:** GM WHOLESALE LTD.
- **Address:** 625 Peach Sreet, WACO, TX, 76704-2530
- **NAICS:** 327991
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $9K
- **Utilities:** $4K
- **Jobs reported:** 21
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*