# PPP loan: OFFSHORE MARINE CONTRACTORS INC
> **$924K** approved 08/07/2020 · Paid in Full · Loan `5302408208`
## Borrower
- **Name:** OFFSHORE MARINE CONTRACTORS INC
- **Address:** 113 WEST 113TH ST, CUT OFF, LA, 70345-3639
- **NAICS:** 483113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $924K
- **Initial approval:** $924K
- **Forgiven:** $929K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $862K
- **Utilities:** $12K
- **Health care:** $50K
- **Jobs reported:** 66
## Lender
- **Originating:** Mississippi River Bank, A Division of Merchants and Marine Bank
- **Servicing:** Merchants & Marine Bank (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*