# PPP loan: EAST COAST PETROLEUM INC
> **$1.96M** approved 01/21/2021 · Paid in Full · Loan `2562648300`
## Borrower
- **Name:** EAST COAST PETROLEUM INC
- **Address:** 340 Jackson Ave, Bronx, NY, 10454-1619
- **NAICS:** 454310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.48M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 06/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.96M
- **Jobs reported:** 116
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*