# PPP loan: GULF FASTENER INC
> **$612K** approved 04/07/2020 · Paid in Full · Loan `7186657000`
## Borrower
- **Name:** GULF FASTENER INC
- **Address:** 267 BAY SHORE AVE, MOBILE, AL, 36607-2068
- **NAICS:** 332722
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $612K
- **Initial approval:** $612K
- **Forgiven:** $619K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $490K
- **Rent:** $17K
- **Utilities:** $17K
- **Health care:** $46K
- **Debt interest:** $43K
- **Jobs reported:** 33
## 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*