# PPP loan: GEM TECHNOLOGIES, INC
> **$3.90M** approved 04/15/2020 · Paid in Full · Loan `8341157107`
## Borrower
- **Name:** GEM TECHNOLOGIES, INC
- **Address:** 2033 CASTAIC LN, KNOXVILLE, TN, 37932-1557
- **NAICS:** 561210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.90M
- **Initial approval:** $3.90M
- **Forgiven:** $3.94M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.31M
- **Mortgage interest:** $585K
- **Jobs reported:** 279
## 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*