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Gem Drugs INC

$438,247 PPP Loan in Reserve, Louisiana

Loan Details

Loan Number
9821937109
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$438,247
Current Approval
$434,730
Forgiveness Amount
$438,558
Forgiveness Date
Mar 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gem Drugs INC
Address
111 Central Ave
City
Reserve
State
Louisiana
ZIP Code
70084-0510
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (446110)
Business Age
Existing or more than 2 years old
Jobs Reported
68
Estimated Revenue
$11.9M
Rural/Urban
Urban
Congressional District
LA-02

Loan Use Breakdown

Payroll
$416,350
Rent
$6,900
Utilities
$3,500
Health Care
$7,980

Lender Information

Servicing Lender
Merchants & Marine Bank
Originating Lender
Mississippi River Bank, a Division of Merchants and Marine Bank

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