# PPP loan: GULF COAST ELECTRIC COOPERATIVE, INC.
> **$1.36M** approved 04/29/2020 · Paid in Full · Loan `3122757303`
## Borrower
- **Name:** GULF COAST ELECTRIC COOPERATIVE, INC.
- **Address:** 722 WEST HIGHWAY 22, WEWAHITCHKA, FL, 32465
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **Jobs reported:** 83
## Lender
- **Originating:** Centennial Bank
- **Servicing:** Centennial Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*