# PPP loan: INTRACOASTAL IRON WORKS, INC.
> **$500K** approved 04/13/2020 · Paid in Full · Loan `4628877110`
## Borrower
- **Name:** INTRACOASTAL IRON WORKS, INC.
- **Address:** 149 BOURG LAROSE HWY, BOURG, LA, 70343-5207
- **NAICS:** 336611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $472K
- **Rent:** $20K
- **Utilities:** $8K
- **Jobs reported:** 48
## Lender
- **Originating:** Synergy Bank
- **Servicing:** Synergy Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*