# PPP loan: HANG OUT IN GULF SHORES, LLC
> **$1.49M** approved 04/07/2020 · Paid in Full · Loan `6585337001`
## Borrower
- **Name:** HANG OUT IN GULF SHORES, LLC
- **Address:** 101 EAST BEACH BLVD, GULF SHORES, AL, 36542-6548
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.50M (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Rent:** $200K
- **Utilities:** $15K
- **Jobs reported:** 231
## 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) · MORVS · CC0 1.0*