# PPP loan: GBS LINENS, INC.
> **$1.54M** approved 04/07/2020 · Exemption 4 · Loan `7588547005`
## Borrower
- **Name:** GBS LINENS, INC.
- **Address:** 305 N. MULLER ST, ANAHEIM, CA, 92801-5445
- **NAICS:** 812331
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $964K (62%)
- **Forgiveness date:** 05/25/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.16M
- **Rent:** $278K
- **Utilities:** $30K
- **Health care:** $77K
- **Jobs reported:** 218
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*