# PPP loan: GALVESTON BAY FOUNDATION
> **$367K** approved 01/25/2021 · Paid in Full · Loan `5723848307`
## Borrower
- **Name:** GALVESTON BAY FOUNDATION
- **Address:** 1725 Highway 146, Kemah, TX, 77565-2052
- **NAICS:** 813312
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $367K
- **Initial approval:** $367K
- **Forgiven:** $369K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $367K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*