# PPP loan: GULF ENGINE & EQUIPMENT, INC.
> **$150K** approved 04/15/2020 · Paid in Full · Loan `1757147204`
## Borrower
- **Name:** GULF ENGINE & EQUIPMENT, INC.
- **Address:** 2306 ENGINEERS RD, BELLE CHASSE, LA, 70037
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 10
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*