# PPP loan: BLACKBEARDS' INCORPORATED
> **$600K** approved 04/10/2020 · Paid in Full · Loan `2403657103`
## Borrower
- **Name:** BLACKBEARDS' INCORPORATED
- **Address:** 103 E Saturn Lane, South Padre Island, TX, 78597-2367
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $600K
- **Initial approval:** $600K
- **Forgiven:** $603K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $504K
- **Rent:** $81K
- **Utilities:** $15K
- **Jobs reported:** 89
## Lender
- **Originating:** First Community Bank
- **Servicing:** First Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*