# PPP loan: BATES ELECTRIC, INC.
> **$1.46M** approved 04/05/2020 · Paid in Full · Loan `5507987008`
## Borrower
- **Name:** BATES ELECTRIC, INC.
- **Address:** 7901 HOPI PL, TAMPA, FL, 33634-2418
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.46M
- **Initial approval:** $1.46M
- **Forgiven:** $1.47M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.43M
- **Rent:** $14K
- **Utilities:** $6K
- **Debt interest:** $2K
- **Jobs reported:** 140
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*