# PPP loan: TIM BAILEY & ASSOCIATES, INC.
> **$504K** approved 04/28/2020 · Paid in Full · Loan `9120237206`
## Borrower
- **Name:** TIM BAILEY & ASSOCIATES, INC.
- **Address:** 18311 Napa Street, Los Angeles, CA, 91325
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $504K
- **Initial approval:** $504K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $378K
- **Rent:** $63K
- **Utilities:** $63K
- **Jobs reported:** 32
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*