PPP Loan information for Gem technologies, inc

$3,900,000

Gem technologies, inc was initially approved for PPP Loan of amount $3,900,000, the current approved amount is $3,900,000. The loan was approved on 04/15/2020 by The Mountain Commerce Bank reported 279 jobs and $3,900,000 was used to fund payroll.

Gem technologies, inc is Existing or more than 2 years old

PPP Loan Search / TN / KNOXVILLE / Gem technologies, inc

GEM TECHNOLOGIES, INC

Date Approved

04/15/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

GEM TECHNOLOGIES, INC

Borrower Address

2033 CASTAIC LN

Borrower City

KNOXVILLE

Borrower State

TN

Borrower Zip

37932-1557

Loan Status Date

03/11/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3900000.00

Current Approval Amount

3900000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66985

Servicing Lender Name

Mountain Commerce Bank

Servicing Lender Address

6101 Kingston Pk

Servicing Lender City

KNOXVILLE

Servicing Lender State

TN

Servicing Lender Zip

37919-4020

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KNOXVILLE

Project County Name

KNOX

Project State

TN

Project Zip

37932-1557

CD

TN-02

Jobs Reported

279

NAICS Code

561210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3315000.00

Mortgage Interest Proceed

585000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

66985

Originating Lender

Mountain Commerce Bank

Originating Lender City

KNOXVILLE

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3944416.67

Forgiveness Date

06/09/2021

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