# PPP loan: COATES ELECTRICAL & INSTRUMENTATION INC.
> **$970K** approved 04/13/2020 · Paid in Full · Loan `5014637108`
## Borrower
- **Name:** COATES ELECTRICAL & INSTRUMENTATION INC.
- **Address:** 2459 South 1760 West, OGDEN, UT, 84401-3346
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $970K
- **Initial approval:** $970K
- **Forgiven:** $978K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $728K
- **Mortgage interest:** $121K
- **Utilities:** $121K
- **Jobs reported:** 60
## Lender
- **Originating:** D. L. Evans Bank
- **Servicing:** D. L. Evans Bank (ID)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*