# PPP loan: CORAL WORLD VI INC.
> **$526K** approved 02/20/2021 · Paid in Full · Loan `2336848510`
## Borrower
- **Name:** CORAL WORLD VI INC.
- **Address:** 6450 Coki Pt, St Thomas, VI, 00802-1805
- **NAICS:** 712130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $526K
- **Initial approval:** $526K
- **Forgiven:** $529K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $526K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** Merchants Commercial Bank
- **Servicing:** Merchants Commercial Bank (VI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*