# PPP loan: MID COAST ENGINE & TRANSMISSION INC
> **$597K** approved 02/25/2021 · Paid in Full · Loan `4279018510`
## Borrower
- **Name:** MID COAST ENGINE & TRANSMISSION INC
- **Address:** 1385 SH 35 Bypass, Rock Port, TX, 78382
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $601K (101%)
- **Forgiveness date:** 10/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $597K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*