# PPP loan: CHANNEL CHEMICAL CORPORATION
> **$288K** approved 02/04/2021 · Paid in Full · Loan `3027378403`
## Borrower
- **Name:** CHANNEL CHEMICAL CORPORATION
- **Address:** 14373 Seaway Rd, Gulfport, MS, 39503-4637
- **NAICS:** 325199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 07/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $288K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*