# PPP loan: BATES UTILITY COMPANY INC
> **$400K** approved 02/11/2021 · Paid in Full · Loan `7275658401`
## Borrower
- **Name:** BATES UTILITY COMPANY INC
- **Address:** 841 Westwood Industrial Park Dr, Weldon Spring, MO, 63304-4579
- **NAICS:** 237110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $400K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*