# PPP loan: TOP COAT, INC
> **$688K** approved 04/03/2020 · Paid in Full · Loan `4507597004`
## Borrower
- **Name:** TOP COAT, INC
- **Address:** 9720 Highway 36, FREEPORT, TX, 77541
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $688K
- **Initial approval:** $688K
- **Forgiven:** $692K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $516K
- **Utilities:** $172K
- **Jobs reported:** 55
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*