PPP Loan information for The coastal group

$119,609

The coastal group was initially approved for PPP Loan of amount $119,609, the current approved amount is $119,609. The loan was approved on 02/04/2021 by The Salem Five Cents Savings Bank reported 7 jobs and $119,609 was used to fund payroll.

The coastal group is Existing or more than 2 years old

PPP Loan Search / MA / Beverly / The coastal group

THE COASTAL GROUP

Date Approved

02/04/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

THE COASTAL GROUP

Borrower Address

20 Oak St

Borrower City

Beverly

Borrower State

MA

Borrower Zip

01915-2230

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

119609.00

Current Approval Amount

119609.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Beverly

Project County Name

ESSEX

Project State

MA

Project Zip

01915-2230

CD

MA-06

Jobs Reported

7

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

119608.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

120512.71

Forgiveness Date

11/05/2021

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