# PPP loan: BAILEY PAINT CO., INC.
> **$253K** approved 04/04/2020 · Paid in Full · Loan `5038277003`
## Borrower
- **Name:** BAILEY PAINT CO., INC.
- **Address:** 1075 Pats Lane, CONWAY, AR, 72033
- **NAICS:** 238320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $247K
- **Mortgage interest:** $3K
- **Utilities:** $3K
- **Jobs reported:** 15
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*