# PPP loan: COASTAL MACHINERY COMPANY
> **$545K** approved 04/15/2020 · Paid in Full · Loan `9324277100`
## Borrower
- **Name:** COASTAL MACHINERY COMPANY
- **Address:** 6701 MOBILE HWY, PENSACOLA, FL, 32526-2069
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $550K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $545K
- **Jobs reported:** 27
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*