# PPP loan: JEM BEVERAGE COMPANY INC
> **$1.38M** approved 05/01/2020 · Paid in Full · Loan `8625277306`
## Borrower
- **Name:** JEM BEVERAGE COMPANY INC
- **Address:** 217 W DIVISION ST, PILOT POINT, TX, 76258-4189
- **NAICS:** 312140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.39M (101%)
- **Forgiveness date:** 04/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Jobs reported:** 188
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*