# PPP loan: GULF COAST MARINE FABRICATORS INC
> **$575K** approved 04/07/2020 · Paid in Full · Loan `7101587005`
## Borrower
- **Name:** GULF COAST MARINE FABRICATORS INC
- **Address:** 500 Engineers Drive, ABBEVILLE, LA, 70510-9999
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $575K
- **Initial approval:** $652K
- **Forgiven:** $580K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $575K
- **Jobs reported:** 53
## Lender
- **Originating:** b1BANK
- **Servicing:** b1BANK (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*