# PPP loan: BAILY INTERNATIONAL, INC.
> **$2.61M** approved 04/06/2020 · Paid in Full · Loan `5631587003`
## Borrower
- **Name:** BAILY INTERNATIONAL, INC.
- **Address:** 2501 W 20th Street, GRANITE CITY, IL, 62040-3101
- **NAICS:** 424420
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.61M
- **Initial approval:** $2.48M
- **Forgiven:** $2.64M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.96M
- **Rent:** $653K
- **Jobs reported:** 365
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*