# PPP loan: BI STATE UTILITIES
> **$303K** approved 04/16/2020 · Paid in Full · Loan `2860727204`
## Borrower
- **Name:** BI STATE UTILITIES
- **Address:** 12894 PENNRIDGE DR, BRIDGETON, MO, 63044-1237
- **NAICS:** 926130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $303K
- **Initial approval:** $303K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Rent:** $20K
- **Utilities:** $20K
- **Health care:** $23K
- **Jobs reported:** 22
## Lender
- **Originating:** Montgomery Bank
- **Servicing:** Montgomery Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*