# PPP loan: DAVIS GATE MFG, INC
> **$270K** approved 04/05/2020 · Paid in Full · Loan `5172027010`
## Borrower
- **Name:** DAVIS GATE MFG, INC
- **Address:** P O Box 307, RUSSELL SPRINGS, KY, 42642-0307
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Utilities:** $28K
- **Health care:** $40K
- **Jobs reported:** 41
## Lender
- **Originating:** The First National Bank of Russell Springs
- **Servicing:** The First National Bank of Russell Springs (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*