# PPP loan: BAILEY MACHINE COMPANY, INC.
> **$684K** approved 04/13/2020 · Paid in Full · Loan `4622567110`
## Borrower
- **Name:** BAILEY MACHINE COMPANY, INC.
- **Address:** 1516 Morrell Avenue, CONNELLSVILLE, PA, 15425-3811
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $684K
- **Initial approval:** $684K
- **Forgiven:** $691K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $684K
- **Jobs reported:** 12
## Lender
- **Originating:** Somerset Trust Company
- **Servicing:** Somerset Trust Company (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*