PPP Loan information for Bay area electric inc.

$23,000

Bay area electric inc. was initially approved for PPP Loan of amount $23,000, the current approved amount is $23,000. The loan was approved on 02/11/2021 by The The Queenstown Bank of Maryland reported 2 jobs and $23,000 was used to fund payroll.

Bay area electric inc. is Existing or more than 2 years old

PPP Loan Search / MD / Church Hill / Bay area electric inc.

BAY AREA ELECTRIC INC.

Date Approved

02/11/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

BAY AREA ELECTRIC INC.

Borrower Address

316 Granny Branch Rd

Borrower City

Church Hill

Borrower State

MD

Borrower Zip

21623-1390

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

23000.00

Current Approval Amount

23000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30851

Servicing Lender Name

The Queenstown Bank of Maryland

Servicing Lender Address

7101 Main St

Servicing Lender City

QUEENSTOWN

Servicing Lender State

MD

Servicing Lender Zip

21658-1223

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Church Hill

Project County Name

QUEEN ANNES

Project State

MD

Project Zip

21623-1390

CD

MD-01

Jobs Reported

2

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

22999.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

30851

Originating Lender

The Queenstown Bank of Maryland

Originating Lender City

QUEENSTOWN

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

23158.16

Forgiveness Date

10/29/2021

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