# PPP loan: WILLIAM P GELBERG INC.
> **$1.34M** approved 02/11/2021 · Paid in Full · Loan `7048688410`
## Borrower
- **Name:** WILLIAM P GELBERG INC.
- **Address:** 6511 Chillum Pl NW, Washington, DC, 20012-2135
- **NAICS:** 339950
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.35M (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.34M
- **Utilities:** $1
- **Jobs reported:** 95
## Lender
- **Originating:** Forbright Bank
- **Servicing:** Forbright Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*