PPP Loan information for The gem group, inc.

$4,162,600

The gem group, inc. was initially approved for PPP Loan of amount $4,162,600, the current approved amount is $4,162,600. The loan was approved on 04/29/2020 by The Berkshire Bank reported 316 jobs and $4,162,600 was used to fund payroll.

The gem group, inc. is Existing or more than 2 years old

PPP Loan Search / MA / LAWRENCE / The gem group, inc.

THE GEM GROUP, INC.

Date Approved

04/29/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

THE GEM GROUP, INC.

Borrower Address

9 International Way

Borrower City

LAWRENCE

Borrower State

MA

Borrower Zip

01843

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4162600.00

Current Approval Amount

4162600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33209

Servicing Lender Name

Berkshire Bank

Servicing Lender Address

99 North St

Servicing Lender City

PITTSFIELD

Servicing Lender State

MA

Servicing Lender Zip

01201-5114

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LAWRENCE

Project County Name

ESSEX

Project State

MA

Project Zip

01843-1000

CD

MA-03

Jobs Reported

316

NAICS Code

314910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4162600.00

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

Corporation

Originating Lender Location Id

33209

Originating Lender

Berkshire Bank

Originating Lender City

PITTSFIELD

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

4207647.32

Forgiveness Date

06/11/2021

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