# PPP loan: GULF COAST ELECTRIC CO INC.
> **$498K** approved 03/16/2021 · Paid in Full · Loan `3296508610`
## Borrower
- **Name:** GULF COAST ELECTRIC CO INC.
- **Address:** 2005 Pecos St, Beaumont, TX, 77701-2519
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 07/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $498K
- **Jobs reported:** 39
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*