# PPP loan: GCI, INC.
> **$1.88M** approved 04/06/2020 · Paid in Full · Loan `5962557010`
## Borrower
- **Name:** GCI, INC.
- **Address:** 720 S. TEXACO RD, HOBBS, NM, 88240-8630
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.88M
- **Initial approval:** $2.18M
- **Forgiven:** $1.89M (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.43M
- **Rent:** $124K
- **Utilities:** $5K
- **Health care:** $269K
- **Debt interest:** $48K
- **Jobs reported:** 113
## Lender
- **Originating:** Western Bank, Artesia, New Mexico
- **Servicing:** Western Bank, Artesia, New Mexico (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*