# PPP loan: COLTIN ELECTRIC INC
> **$593K** approved 05/01/2020 · Paid in Full · Loan `9615137703`
## Borrower
- **Name:** COLTIN ELECTRIC INC
- **Address:** Suite A 3999 Commons Drive W, Destin, FL, 32541-8445
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $593K
- **Initial approval:** $593K
- **Forgiven:** $599K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $593K
- **Jobs reported:** 23
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*