PPP Loan information for Gem city developers

$98,847

Gem city developers was initially approved for PPP Loan of amount $98,847, the current approved amount is $98,847. The loan was approved on 01/27/2021 by The United Community Bank reported 22 jobs and $98,847 was used to fund payroll.

Gem city developers is Existing or more than 2 years old

GEM CITY DEVELOPERS

Date Approved

01/27/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

GEM CITY DEVELOPERS

Borrower Address

201 S 3rd St

Borrower City

Quincy

Borrower State

IL

Borrower Zip

62301-3808

Loan Status Date

02/01/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

98847.00

Current Approval Amount

98847.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20465

Servicing Lender Name

United Community Bank

Servicing Lender Address

301 N Main St

Servicing Lender City

CHATHAM

Servicing Lender State

IL

Servicing Lender Zip

62629-1019

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Quincy

Project County Name

ADAMS

Project State

IL

Project Zip

62301-3808

CD

IL-15

Jobs Reported

22

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

98845.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

20465

Originating Lender

United Community Bank

Originating Lender City

CHATHAM

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

99580.12

Forgiveness Date

10/22/2021

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