# PPP loan: COASTECH INC
> **$245K** approved 05/27/2020 · Paid in Full · Loan `4070597806`
## Borrower
- **Name:** COASTECH INC
- **Address:** 1229 North Dixie Highway, Lake Worth, FL, 33460-2122
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 10/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Rent:** $31K
- **Utilities:** $31K
- **Jobs reported:** 17
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*