# PPP loan: COASTAL DRILLING LAND COMPANY, LLC
> **$1.92M** approved 04/14/2020 · Charged Off · Loan `7815077105`
## Borrower
- **Name:** COASTAL DRILLING LAND COMPANY, LLC
- **Address:** 311 SARATOGA BLVD, CORPUS CHRISTI, TX, 78417-3506
- **NAICS:** 213111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.92M
- **Initial approval:** $1.92M
- **Forgiven:** $820K (43%)
- **Forgiveness date:** 03/17/2023
- **Status:** Charged Off
- **Term:** 23 months
## Use of funds
- **Payroll:** $1.71M
- **Rent:** $37K
- **Utilities:** $10K
- **Debt interest:** $169K
- **Jobs reported:** 79
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*