# PPP loan: GULF LOGISTICS OPERATNG, INC.
> **$1.58M** approved 04/10/2020 · Paid in Full · Loan `1303647109`
## Borrower
- **Name:** GULF LOGISTICS OPERATNG, INC.
- **Address:** 11828 Hwy 1 0.0, Larose, LA, 70373-3648
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.58M
- **Initial approval:** $1.58M
- **Forgiven:** $1.60M (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.46M
- **Rent:** $50K
- **Mortgage interest:** $800
- **Utilities:** $12K
- **Health care:** $58K
- **Jobs reported:** 130
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*