# PPP loan: COASTAL ELECTRIC CORPORATION
> **$261K** approved 01/25/2021 · Paid in Full · Loan `5474868300`
## Borrower
- **Name:** COASTAL ELECTRIC CORPORATION
- **Address:** 8713 Virginia Meadows Dr, Manassas, VA, 20109-7826
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $263K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $261K
- **Jobs reported:** 16
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*