# PPP loan: INTERCOASTAL ENTERPRISES INC
> **$373K** approved 04/07/2020 · Paid in Full · Loan `6599807001`
## Borrower
- **Name:** INTERCOASTAL ENTERPRISES INC
- **Address:** 6934 BEACH DR SW, OCEAN ISLE BEACH, NC, 28469-5738
- **NAICS:** 541519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $375K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $343K
- **Rent:** $15K
- **Utilities:** $15K
- **Jobs reported:** 45
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*