# PPP loan: BATEY & SANDERS
> **$236K** approved 04/07/2020 · Paid in Full · Loan `7502797010`
## Borrower
- **Name:** BATEY & SANDERS
- **Address:** 61 Batey Drive, RAINBOW CITY, AL, 35906-6007
- **NAICS:** 454390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $237K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $6K
- **Mortgage interest:** $4K
- **Utilities:** $3K
- **Debt interest:** $43K
- **Jobs reported:** 14
## Lender
- **Originating:** Peoples Bank of Alabama
- **Servicing:** Peoples Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*