# PPP loan: STERLING SHIPYARD LP
> **$1.48M** approved 02/03/2021 · Paid in Full · Loan `2492928403`
## Borrower
- **Name:** STERLING SHIPYARD LP
- **Address:** 906 Main St, Port Neches, TX, 77651-2538
- **NAICS:** 336611
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 10/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.48M
- **Utilities:** $1
- **Jobs reported:** 119
## Lender
- **Originating:** Third Coast Bank
- **Servicing:** Third Coast Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*