# PPP loan: GMI CORPORATION
> **$1.30M** approved 01/30/2021 · Paid in Full · Loan `8876428304`
## Borrower
- **Name:** GMI CORPORATION
- **Address:** 700 International Dr, Franklin, IN, 46131-9733
- **NAICS:** 332710
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (100%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.30M
- **Utilities:** $1
- **Jobs reported:** 80
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*