# PPP loan: COATING SYSTEMS INC
> **$656K** approved 04/07/2020 · Paid in Full · Loan `6852767007`
## Borrower
- **Name:** COATING SYSTEMS INC
- **Address:** 90 PHOENIX AVE, LOWELL, MA, 01852-4929
- **NAICS:** 332812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $656K
- **Initial approval:** $656K
- **Forgiven:** $662K (101%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $656K
- **Jobs reported:** 66
## Lender
- **Originating:** Salem Co-operative Bank
- **Servicing:** Salem Co-operative Bank (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*