# PPP loan: COATINGS FOR INDUSTRY, INC.
> **$222K** approved 02/19/2021 · Paid in Full · Loan `1535738510`
## Borrower
- **Name:** COATINGS FOR INDUSTRY, INC.
- **Address:** 319 E Township Line Rd, Souderton, PA, 18964-1905
- **NAICS:** 325510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $222K
- **Initial approval:** $222K
- **Forgiven:** $225K (102%)
- **Forgiveness date:** 09/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $222K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** QNB Bank
- **Servicing:** QNB Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*