# PPP loan: GIBSON-MCDONALD FURNITURE COMPANY
> **$545K** approved 05/01/2020 · Paid in Full · Loan `8039047304`
## Borrower
- **Name:** GIBSON-MCDONALD FURNITURE COMPANY
- **Address:** 395 Bonneyman Road, Blackshear, GA, 31516-1124
- **NAICS:** 442110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $550K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $545K
- **Jobs reported:** 84
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*