# PPP loan: GULF ELECTRIC CO., INC. OF MOBILE
> **$3.47M** approved 04/14/2020 · Paid in Full · Loan `6270477101`
## Borrower
- **Name:** GULF ELECTRIC CO., INC. OF MOBILE
- **Address:** 4719 HALLS MILL RD, MOBILE, AL, 36693-5635
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.47M
- **Initial approval:** $3.47M
- **Forgiven:** $3.51M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.47M
- **Jobs reported:** 232
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*