PPP Loan information for The gerson company

$2,711,670

The gerson company was initially approved for PPP Loan of amount $2,711,600, the current approved amount is $2,711,670. The loan was approved on 04/04/2020 by The Commerce Bank reported 250 jobs and $2,711,670 was used to fund payroll.

The gerson company is Existing or more than 2 years old

PPP Loan Search / KS / OLATHE / The gerson company

THE GERSON COMPANY

Date Approved

04/04/2020

SBA Office Code

0709

Processing Method

PPP

Borrower Name

THE GERSON COMPANY

Borrower Address

1450 S Lone Elm Road

Borrower City

OLATHE

Borrower State

KS

Borrower Zip

66061-7256

Loan Status Date

05/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2711600.00

Current Approval Amount

2711670.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

40781

Servicing Lender Name

Commerce Bank

Servicing Lender Address

1000 Walnut St, 11th Fl

Servicing Lender City

KANSAS CITY

Servicing Lender State

MO

Servicing Lender Zip

64106-2107

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OLATHE

Project County Name

JOHNSON

Project State

KS

Project Zip

66061-7256

CD

KS-03

Jobs Reported

250

NAICS Code

424930

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

80000.00

Payroll Proceed

2223670.00

Mortgage Interest Proceed

0.00

Rent Proceed

83000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

245000.00

Debt Interest Proceed

80000

Business Type

Subchapter S Corporation

Originating Lender Location Id

40781

Originating Lender

Commerce Bank

Originating Lender City

KANSAS CITY

Originating Lender State

MO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2657491.55

Forgiveness Date

02/03/2022

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