# PPP loan: COASTWIDE ELECTRIC INC
> **$1.18M** approved 04/15/2020 · Paid in Full · Loan `1110327209`
## Borrower
- **Name:** COASTWIDE ELECTRIC INC
- **Address:** 1331 LAKE PALOURDE ROAD, MORGAN CITY, LA, 70380-9999
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 83
## Lender
- **Originating:** M C Bank & Trust Co.
- **Servicing:** M C Bank & Trust Co. (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*