# PPP loan: CATES MACHINE SHOP, INC.
> **$151K** approved 04/27/2020 · Paid in Full · Loan `5141427205`
## Borrower
- **Name:** CATES MACHINE SHOP, INC.
- **Address:** 12198 STATE HIGHWAY 64, TYLER, TX, 75704-6966
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Jobs reported:** 13
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*