# PPP loan: GULF COAST STEAMER, INC
> **$151K** approved 04/05/2020 · Paid in Full · Loan `5512777009`
## Borrower
- **Name:** GULF COAST STEAMER, INC
- **Address:** 124 W 1st Street, GULF SHORES, AL, 36542-6452
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Rent:** $15K
- **Utilities:** $15K
- **Jobs reported:** 23
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*