# PPP loan: COASTAL EQUIPMENT CORP
> **$438K** approved 04/06/2020 · Paid in Full · Loan `6358387005`
## Borrower
- **Name:** COASTAL EQUIPMENT CORP
- **Address:** 504 S. Military Hwy, VIRGINIA BEACH, VA, 23464-1818
- **NAICS:** 423810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $438K
- **Initial approval:** $438K
- **Forgiven:** $442K (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $438K
- **Jobs reported:** 36
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*