# PPP loan: GULF EQUIPMENT CORPORATION
> **$1.96M** approved 04/13/2020 · Paid in Full · Loan `4473157100`
## Borrower
- **Name:** GULF EQUIPMENT CORPORATION
- **Address:** 5540 Business Pkwy, Theodore, AL, 36582-1616
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.96M
- **Jobs reported:** 129
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*