# PPP loan: GEM CARE, INC
> **$1.40M** approved 04/15/2020 · Paid in Full · Loan `8331447107`
## Borrower
- **Name:** GEM CARE, INC
- **Address:** 10820 MURDOCK DR Suite 101, KNOXVILLE, TN, 37932-3275
- **NAICS:** 561311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.33M (95%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.19M
- **Mortgage interest:** $210K
- **Jobs reported:** 263
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*