# PPP loan: GULF COAST ELECTRIC MOTOR SERVICE INC.
> **$518K** approved 01/25/2021 · Paid in Full · Loan `5824768306`
## Borrower
- **Name:** GULF COAST ELECTRIC MOTOR SERVICE INC.
- **Address:** 3810 Hopkins St, Pensacola, FL, 32505-5223
- **NAICS:** 335312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $526K (101%)
- **Forgiveness date:** 06/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $518K
- **Jobs reported:** 36
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*