# PPP loan: DEEP DOWN, INC.
> **$1.11M** approved 04/27/2020 · Paid in Full · Loan `4602497203`
## Borrower
- **Name:** DEEP DOWN, INC.
- **Address:** 18511 Beaumont Hwy, Houston, TX, 77049-1220
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Jobs reported:** 45
## Lender
- **Originating:** Moody National Bank
- **Servicing:** Moody National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*