# PPP loan: COATS GARAGE INC
> **$479K** approved 02/04/2021 · Paid in Full · Loan `3261218410`
## Borrower
- **Name:** COATS GARAGE INC
- **Address:** 1300 S Saunders St, Raleigh, NC, 27603-2306
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $479K
- **Initial approval:** $479K
- **Forgiven:** $481K (100%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $479K
- **Jobs reported:** 38
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*