# PPP loan: GMD AIRLINE SERVICES INC.
> **$2.32M** approved 05/01/2020 · Paid in Full · Loan `9462417702`
## Borrower
- **Name:** GMD AIRLINE SERVICES INC.
- **Address:** Cargo Service Corp. Blgg. Suite E5 Base Muniz, Carolina, PR, 00976
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.32M
- **Initial approval:** $2.32M
- **Forgiven:** $2.35M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.32M
- **Jobs reported:** 500
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*