# PPP loan: PETE GELBER INC
> **$242K** approved 04/14/2020 · Paid in Full · Loan `6151397109`
## Borrower
- **Name:** PETE GELBER INC
- **Address:** 2985 JAMES RD, MONTEZUMA, GA, 31063-4633
- **NAICS:** 112120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Mortgage interest:** $16K
- **Utilities:** $16K
- **Debt interest:** $16K
- **Jobs reported:** 54
## Lender
- **Originating:** Seacoast National Bank
- **Servicing:** Seacoast National Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*