# PPP loan: BESTGATE ENGINEERING, LLC
> **$404K** approved 04/10/2020 · Paid in Full · Loan `1413157105`
## Borrower
- **Name:** BESTGATE ENGINEERING, LLC
- **Address:** 190 SOUTH SOUTHWOOD AVE, ANNAPOLIS, MD, 21401-4026
- **NAICS:** 541511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $404K
- **Initial approval:** $404K
- **Forgiven:** $408K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $359K
- **Health care:** $44K
- **Jobs reported:** 16
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*