# PPP loan: EMERALD COAST CLIPS LLC
> **$191K** approved 04/07/2020 · Paid in Full · Loan `6704197000`
## Borrower
- **Name:** EMERALD COAST CLIPS LLC
- **Address:** 450 E Racetrack Rd NW, FORT WALTON BEACH, FL, 32547-1518
- **NAICS:** 812111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $191K
- **Initial approval:** $191K
- **Forgiven:** $193K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Rent:** $16K
- **Mortgage interest:** $2K
- **Utilities:** $3K
- **Jobs reported:** 29
## 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*