# PPP loan: GATEWAY FS, INC.
> **$3.23M** approved 04/08/2020 · Paid in Full · Loan `8386917005`
## Borrower
- **Name:** GATEWAY FS, INC.
- **Address:** 221 E. PINE ST, RED BUD, IL, 62278-1548
- **NAICS:** 423820
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.23M
- **Initial approval:** $3.23M
- **Forgiven:** $3.27M (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.59M
- **Utilities:** $647K
- **Jobs reported:** 209
## Lender
- **Originating:** 1NB Bank
- **Servicing:** 1NB Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*