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Coastal Electric Corporation

$287,200 PPP Loan in Manassas, Virginia

Loan Details

Loan Number
1320517205
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$287,200
Current Approval
$287,200
Forgiveness Amount
$289,332
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Coastal Electric Corporation
Address
8713 Virginia Meadows Drive
City
Manassas
State
Virginia
ZIP Code
20109
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$7.2M
Rural/Urban
Urban
Congressional District
VA-10

Loan Use Breakdown

Payroll
$240,200
Rent
$6,000
Health Care
$40,000
Debt Interest
$1,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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