# PPP loan: R.L. YATES ELECTRIC CONSTRUCTION COMPANY
> **$431K** approved 04/27/2020 · Paid in Full · Loan `4853927206`
## Borrower
- **Name:** R.L. YATES ELECTRIC CONSTRUCTION COMPANY
- **Address:** 1401 Burlington St, N Kansas City, MO, 64116-4007
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $431K
- **Initial approval:** $431K
- **Forgiven:** $433K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $422K
- **Rent:** $8K
- **Utilities:** $1K
- **Jobs reported:** 24
## Lender
- **Originating:** The Bank of Grain Valley
- **Servicing:** The Bank of Grain Valley (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*