# PPP loan: COASTWIDE ELECTRIC INC
> **$1.27M** approved 01/19/2021 · Paid in Full · Loan `1779318302`
## Borrower
- **Name:** COASTWIDE ELECTRIC INC
- **Address:** 1331 Lake Palourde Rd, Morgan City, LA, 70380-6346
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 03/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.27M
- **Jobs reported:** 85
## 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*