# PPP loan: GMDS INC.
> **$162K** approved 04/07/2020 · Paid in Full · Loan `7550717002`
## Borrower
- **Name:** GMDS INC.
- **Address:** 700 POINTE TREMBLE RD, ALGONAC, MI, 48001-1610
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $153K (95%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Jobs reported:** 55
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*