# PPP loan: COAST ELECTRIC POWER ASSOCIATION
> **$4.45M** approved 04/08/2020 · Paid in Full · Loan `8602097003`
## Borrower
- **Name:** COAST ELECTRIC POWER ASSOCIATION
- **Address:** 18020 HIGHWAY 603, KILN, MS, 39556-8487
- **NAICS:** 221111
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.45M
- **Initial approval:** $4.45M
- **Forgiven:** $4.52M (102%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.45M
- **Jobs reported:** 250
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*