# PPP loan: GEMSTAR CONSTRUCTION & DEVELOPMENT INC
> **$1.07M** approved 02/13/2021 · Paid in Full · Loan `8746708405`
## Borrower
- **Name:** GEMSTAR CONSTRUCTION & DEVELOPMENT INC
- **Address:** 21707 Inverness Forest Blvd, Houston, TX, 77073-1339
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.07M
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*