# PPP loan: BAILESS TRUCKING, INC.
> **$150K** approved 04/14/2020 · Paid in Full · Loan `6288087100`
## Borrower
- **Name:** BAILESS TRUCKING, INC.
- **Address:** 2649 Mayflower Drive, LYNCHBURG, VA, 24501
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $127K
- **Rent:** $6K
- **Utilities:** $350
- **Debt interest:** $17K
- **Jobs reported:** 16
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*