# PPP loan: GULF MARINE AND INDUSTRIAL SUPPLIES
> **$1.17M** approved 04/12/2020 · Paid in Full · Loan `3977467109`
## Borrower
- **Name:** GULF MARINE AND INDUSTRIAL SUPPLIES
- **Address:** 5501 JEFFERSON HWY STE 116, NEW ORLEANS, LA, 70123-4213
- **NAICS:** 423860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $193K (16%)
- **Forgiveness date:** 10/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.17M
- **Jobs reported:** 114
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*