PPP Loan information for Coastwide electric inc

$1,265,057

Coastwide electric inc was initially approved for PPP Loan of amount $1,265,057, the current approved amount is $1,265,057. The loan was approved on 01/19/2021 by The M C Bank & Trust Co. reported 85 jobs and $1,265,057 was used to fund payroll.

Coastwide electric inc is Existing or more than 2 years old

COASTWIDE ELECTRIC INC

Date Approved

01/19/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

COASTWIDE ELECTRIC INC

Borrower Address

1331 Lake Palourde Rd

Borrower City

Morgan City

Borrower State

LA

Borrower Zip

70380-6346

Loan Status Date

04/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1265057.00

Current Approval Amount

1265057.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28707

Servicing Lender Name

M C Bank & Trust Co.

Servicing Lender Address

1201 Brashear Ave

Servicing Lender City

MORGAN CITY

Servicing Lender State

LA

Servicing Lender Zip

70380-1361

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Morgan City

Project County Name

SAINT MARY

Project State

LA

Project Zip

70380-6346

CD

LA-06

Jobs Reported

85

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1265057.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

28707

Originating Lender

M C Bank & Trust Co.

Originating Lender City

MORGAN CITY

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1279675.44

Forgiveness Date

03/22/2022

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