# PPP loan: COIT AVENUE GRAVEL CO INC
> **$326K** approved 04/13/2020 · Paid in Full · Loan `4669947103`
## Borrower
- **Name:** COIT AVENUE GRAVEL CO INC
- **Address:** 4772 Coit Avenue, GRAND RAPIDS, MI, 49525
- **NAICS:** 327320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $326K
- **Jobs reported:** 30
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*