# PPP loan: COATES MOTOR RENTAL, INC.
> **$327K** approved 04/13/2020 · Paid in Full · Loan `4405177104`
## Borrower
- **Name:** COATES MOTOR RENTAL, INC.
- **Address:** 9290 Madison Blvd, Madison, AL, 35758-9153
- **NAICS:** 532111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $327K
- **Jobs reported:** 23
## Lender
- **Originating:** Southern States Bank
- **Servicing:** Southern States Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*