# PPP loan: COASTAL MECHANICAL SERVICES, INC.
> **$239K** approved 04/14/2020 · Paid in Full · Loan `7851927108`
## Borrower
- **Name:** COASTAL MECHANICAL SERVICES, INC.
- **Address:** 40 Hathaway Drive, Stratford, CT, 06615
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 10/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $7K
- **Mortgage interest:** $2K
- **Utilities:** $2K
- **Health care:** $20K
- **Debt interest:** $7K
- **Jobs reported:** 20
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*