# PPP loan: COATS IGA, INC.
> **$176K** approved 04/27/2020 · Paid in Full · Loan `6015427209`
## Borrower
- **Name:** COATS IGA, INC.
- **Address:** 379 McKinley Street, DUNN, NC, 28334
- **NAICS:** 445110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Mortgage interest:** $33K
- **Utilities:** $11K
- **Jobs reported:** 69
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*