# PPP loan: COAST POWER SYSTEMS INC
> **$224K** approved 04/28/2020 · Paid in Full · Loan `9704987201`
## Borrower
- **Name:** COAST POWER SYSTEMS INC
- **Address:** 1030 S. Persimmon Street, Tomball, TX, 77375-6816
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $179K
- **Mortgage interest:** $45K
- **Jobs reported:** 17
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*