# PPP loan: COASTAL MACHINE AND SUPPLY INC.
> **$574K** approved 01/21/2021 · Paid in Full · Loan `3209368303`
## Borrower
- **Name:** COASTAL MACHINE AND SUPPLY INC.
- **Address:** 4832 NE Evangeline Trwy, Carencro, LA, 70520-5262
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $574K
- **Initial approval:** $574K
- **Forgiven:** $580K (101%)
- **Forgiveness date:** 02/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $574K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Rayne State Bank & Trust Company
- **Servicing:** Rayne State Bank & Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*