# PPP loan: COASTAL ELECTRIC COOPERATIVE, INC.
> **$1.05M** approved 04/06/2020 · Paid in Full · Loan `5881707005`
## Borrower
- **Name:** COASTAL ELECTRIC COOPERATIVE, INC.
- **Address:** 2269 Jeffries Hwy, WALTERBORO, SC, 29488-7230
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Jobs reported:** 40
## Lender
- **Originating:** Enterprise Bank of South Carolina
- **Servicing:** Enterprise Bank of South Carolina (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*