THIRTY-ONE GIFTS, LLC
PPP Loan approved Jun 26, 2020 through KEMBA Financial CU
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $9,999,998.00 | 100.0% |
| Utilities | $1.00 | 0.0% |
| Mortgage Interest | $1.00 | 0.0% |
About This Loan
THIRTY-ONE GIFTS, LLC received a PPP loan of $10,000,000 approved on Jun 26, 2020. The loan was originated by KEMBA Financial CU.
THIRTY-ONE GIFTS, LLC is a limited liability company(llc) located in NEW ALBANY, Ohio. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Direct Selling Establishments industry (NAICS 454390), part of the Retail Trade sector of the economy. The applicant reported 500 jobs as retained through this loan.
The SBA forgave $10,122,465.75 of this loan — 101.2% of the total approved amount, with forgiveness recorded on Sep 23, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $9,999,998 to payroll, $1 to utilities, $1 to mortgage interest. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Ohio, visit the Ohio page. To compare this loan with others in the same industry, see the Direct Selling Establishments industry page.