# PPP loan: BAILEY INDUSTRIES INC
> **$1.00M** approved 04/06/2020 · Paid in Full · Loan `6238077001`
## Borrower
- **Name:** BAILEY INDUSTRIES INC
- **Address:** 1107 Thomas Avenue, LEESBURG, FL, 34748-3631
- **NAICS:** 337110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $801K
- **Rent:** $100K
- **Utilities:** $100K
- **Jobs reported:** 136
## Lender
- **Originating:** Citizens First Bank
- **Servicing:** Citizens First Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*