# PPP loan: COATES MOTOR RENTAL INC.
> **$327K** approved 01/29/2021 · Paid in Full · Loan `7988508304`
## Borrower
- **Name:** COATES MOTOR RENTAL INC.
- **Address:** 9290 Madison Blvd, Madison, AL, 35758-9153
- **NAICS:** 532111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $327K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Southern States Bank
- **Servicing:** Southern States Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*