# PPP loan: BAL ENTERPRISES INC
> **$250K** approved 04/15/2020 · Paid in Full · Loan `8417697102`
## Borrower
- **Name:** BAL ENTERPRISES INC
- **Address:** 115 Montrose Avenue, Laurel, MD, 20707
- **NAICS:** 811192
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $42K
- **Utilities:** $8K
- **Jobs reported:** 40
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*