PPP Loan information for Gbs linens, inc.

$1,544,500

Gbs linens, inc. was initially approved for PPP Loan of amount $1,544,500, the current approved amount is $1,544,500. The loan was approved on 04/07/2020 by The American Business Bank reported 218 jobs and $1,544,500 was used to fund payroll.

Gbs linens, inc. is Existing or more than 2 years old

GBS LINENS, INC.

Date Approved

04/07/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

GBS LINENS, INC.

Borrower Address

305 N. MULLER ST

Borrower City

ANAHEIM

Borrower State

CA

Borrower Zip

92801-5445

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1544500.00

Current Approval Amount

1544500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123001

Servicing Lender Name

American Business Bank

Servicing Lender Address

2400 E. Katella Ave. Ste 350

Servicing Lender City

Anaheim

Servicing Lender State

CA

Servicing Lender Zip

92806

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ANAHEIM

Project County Name

ORANGE

Project State

CA

Project Zip

92801-5445

CD

CA-46

Jobs Reported

218

NAICS Code

812331

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

30000.00

Payroll Proceed

1160000.00

Mortgage Interest Proceed

0.00

Rent Proceed

278000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

76500.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

123001

Originating Lender

American Business Bank

Originating Lender City

Anaheim

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

963731.03

Forgiveness Date

05/25/2021

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