PPP Loan information for Gem solutions, inc.

$87,500

Gem solutions, inc. was initially approved for PPP Loan of amount $87,500, the current approved amount is $87,500. The loan was approved on 04/28/2020 by The American Community Bank & Trust reported 7 jobs and $87,500 was used to fund payroll.

Gem solutions, inc. is Existing or more than 2 years old

PPP Loan Search / IL / WHEELING / Gem solutions, inc.

GEM SOLUTIONS, INC.

Date Approved

04/28/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

GEM SOLUTIONS, INC.

Borrower Address

421 E DUNDEE RD

Borrower City

WHEELING

Borrower State

IL

Borrower Zip

60090-3121

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

87500.00

Current Approval Amount

87500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124396

Servicing Lender Name

American Community Bank & Trust

Servicing Lender Address

1290 Lake Ave

Servicing Lender City

WOODSTOCK

Servicing Lender State

IL

Servicing Lender Zip

60098-7415

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WHEELING

Project County Name

COOK

Project State

IL

Project Zip

60090-3121

CD

IL-10

Jobs Reported

7

NAICS Code

541511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

87500.00

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

124396

Originating Lender

American Community Bank & Trust

Originating Lender City

WOODSTOCK

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

87884.03

Forgiveness Date

10/13/2020

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