# PPP loan: GEM DRUGS INC
> **$435K** approved 04/15/2020 · Paid in Full · Loan `9821937109`
## Borrower
- **Name:** GEM DRUGS INC
- **Address:** 111 CENTRAL AVE, RESERVE, LA, 70084-0510
- **NAICS:** 446110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $435K
- **Initial approval:** $438K
- **Forgiven:** $439K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Rent:** $7K
- **Utilities:** $4K
- **Health care:** $8K
- **Jobs reported:** 68
## Lender
- **Originating:** Mississippi River Bank, A Division of Merchants and Marine Bank
- **Servicing:** Merchants & Marine Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*