# PPP loan: BATES COMMUNICATIONS, INC.
> **$619K** approved 04/10/2020 · Paid in Full · Loan `2078707100`
## Borrower
- **Name:** BATES COMMUNICATIONS, INC.
- **Address:** 40 Walnut Street Suite 302, Wellesley, MA, 02481
- **NAICS:** 541611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $619K
- **Initial approval:** $619K
- **Forgiven:** $602K (97%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $619K
- **Jobs reported:** 23
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*