# PPP loan: MAGELLAN CONSTRUCTION, LLC
> **$283K** approved 04/06/2020 · Paid in Full · Loan `5679607006`
## Borrower
- **Name:** MAGELLAN CONSTRUCTION, LLC
- **Address:** 101 RUE IBERVILLE, SUITE 201, LAFAYETTE, LA, 70508-3282
- **NAICS:** 236117
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $283K
- **Initial approval:** $315K
- **Forgiven:** $285K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Jobs reported:** 20
## Lender
- **Originating:** Gulf Coast Bank
- **Servicing:** Gulf Coast Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*