# PPP loan: MARINE & INDUSTRIAL SUPPLY COMPANY, INC.
> **$342K** approved 04/05/2020 · Paid in Full · Loan `5194777002`
## Borrower
- **Name:** MARINE & INDUSTRIAL SUPPLY COMPANY, INC.
- **Address:** 150 VIRGINIA ST, MOBILE, AL, 36603-2032
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $345K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $256K
- **Rent:** $17K
- **Mortgage interest:** $17K
- **Utilities:** $17K
- **Health care:** $17K
- **Debt interest:** $17K
- **Jobs reported:** 29
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*