# PPP loan: MOTE MARINE LABORATORY, INC.
> **$2.32M** approved 04/10/2020 · Paid in Full · Loan `2111507102`
## Borrower
- **Name:** MOTE MARINE LABORATORY, INC.
- **Address:** 1600 Ken Thompson Parkway, SARASOTA, FL, 34236-1004
- **NAICS:** 712130
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.32M
- **Initial approval:** $2.32M
- **Forgiven:** $2.34M (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.32M
- **Jobs reported:** 224
## Lender
- **Originating:** Gulfside Bank
- **Servicing:** Gulfside Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*