# PPP loan: EAST COAST TRUCK & TRAILER SALES INC
> **$723K** approved 02/01/2021 · Paid in Full · Loan `1248738409`
## Borrower
- **Name:** EAST COAST TRUCK & TRAILER SALES INC
- **Address:** 2906 Elmhurst Ln, Portsmouth, VA, 23701-2739
- **NAICS:** 423110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $723K
- **Initial approval:** $723K
- **Forgiven:** $726K (100%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $723K
- **Jobs reported:** 68
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*