# PPP loan: GL BRANDS, INC.
> **$611K** approved 04/07/2020 · Charged Off · Loan `7624987006`
## Borrower
- **Name:** GL BRANDS, INC.
- **Address:** 3939 BELT LINE RD., SUITE 350, ADDISON, TX, 75001-4306
- **NAICS:** 325411
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $611K
- **Initial approval:** $714K
- **Forgiven:** $601K (98%)
- **Forgiveness date:** 02/10/2021
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $611K
- **Jobs reported:** 42
## Lender
- **Originating:** First Federal Bank
- **Servicing:** First Federal Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*