# PPP loan: INSULATION TECHNOLOGIES, INC.
> **$1.05M** approved 04/28/2020 · Paid in Full · Loan `7728517206`
## Borrower
- **Name:** INSULATION TECHNOLOGIES, INC.
- **Address:** 120 HERMAN DR, BELLE CHASSE, LA, 70037-3204
- **NAICS:** 562910
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $788K
- **Utilities:** $263K
- **Jobs reported:** 81
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*