# PPP loan: IKE'S BEACH SERVICE, INC
> **$326K** approved 04/03/2020 · Paid in Full · Loan `4543387008`
## Borrower
- **Name:** IKE'S BEACH SERVICE, INC
- **Address:** 800 West Beach Blvd, GULF SHORES, AL, 36542-6380
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $244K
- **Utilities:** $16K
- **Debt interest:** $65K
- **Jobs reported:** 50
## Lender
- **Originating:** Merchants & Marine Bank
- **Servicing:** Merchants & Marine Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*