# PPP loan: G.M. ASSOCIATES, INC.
> **$907K** approved 04/08/2020 · Paid in Full · Loan `7670937003`
## Borrower
- **Name:** G.M. ASSOCIATES, INC.
- **Address:** 9824 KITTY LN, OAKLAND, CA, 94603-1070
- **NAICS:** 327215
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $907K
- **Initial approval:** $907K
- **Forgiven:** $917K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $783K
- **Rent:** $67K
- **Health care:** $57K
- **Jobs reported:** 50
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*