# PPP loan: GULF COAST ELECTRIC MOTOR SERVICE, INC.
> **$576K** approved 04/08/2020 · Paid in Full · Loan `8434857006`
## Borrower
- **Name:** GULF COAST ELECTRIC MOTOR SERVICE, INC.
- **Address:** 3810 HOPKINS ST, PENSACOLA, FL, 32505-5223
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $576K
- **Initial approval:** $576K
- **Forgiven:** $583K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Jobs reported:** 39
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*