# PPP loan: GULF COAST REPAIR & MACHINE SHOP, INC.
> **$874K** approved 04/07/2020 · Paid in Full · Loan `7334007007`
## Borrower
- **Name:** GULF COAST REPAIR & MACHINE SHOP, INC.
- **Address:** 6802 Leopard Street, CORPUS CHRISTI, TX, 78409-1704
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $874K
- **Initial approval:** $874K
- **Forgiven:** $884K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $776K
- **Rent:** $80K
- **Utilities:** $18K
- **Jobs reported:** 70
## Lender
- **Originating:** Kleberg Bank, National Association
- **Servicing:** Kleberg Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*