# PPP loan: THE GERARD GROUP INC
> **$563K** approved 04/06/2020 · Paid in Full · Loan `5769677009`
## Borrower
- **Name:** THE GERARD GROUP INC
- **Address:** 322 West Main Street, WAKEFIELD, VA, 23888-2940
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $563K
- **Initial approval:** $598K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $563K
- **Jobs reported:** 133
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*