# PPP loan: CHANNEL CHEMICAL CORPORATION
> **$288K** approved 04/11/2020 · Paid in Full · Loan `3062737109`
## Borrower
- **Name:** CHANNEL CHEMICAL CORPORATION
- **Address:** 14373 SEAWAY RD, GULFPORT, MS, 39503-4637
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Utilities:** $57K
- **Jobs reported:** 23
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*