# PPP loan: COASTAL ELECTRIC INC.
> **$631K** approved 04/11/2020 · Paid in Full · Loan `3198997105`
## Borrower
- **Name:** COASTAL ELECTRIC INC.
- **Address:** 99 Pullman Way, SAN JOSE, CA, 95111-3161
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $631K
- **Initial approval:** $631K
- **Forgiven:** $635K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $536K
- **Rent:** $32K
- **Mortgage interest:** $16K
- **Utilities:** $16K
- **Debt interest:** $32K
- **Jobs reported:** 48
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*