# PPP loan: BAILEY CONTRACTING INC
> **$162K** approved 05/29/2020 · Paid in Full · Loan `4977907801`
## Borrower
- **Name:** BAILEY CONTRACTING INC
- **Address:** 505 Silvergrove Drive, Cary, NC, 27513-9223
- **NAICS:** 237110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 30
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Square Capital, LLC (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*