# PPP loan: HUTCO, INC.
> **$6.83M** approved 04/27/2020 · Paid in Full · Loan `3496017200`
## Borrower
- **Name:** HUTCO, INC.
- **Address:** 114 Park Center Street, Broussard, LA, 70518-3605
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.83M
- **Initial approval:** $7.88M
- **Forgiven:** $6.91M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.83M
- **Jobs reported:** 500
## Lender
- **Originating:** Gulf Coast Bank
- **Servicing:** Gulf Coast Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*