PPP Loan information for Bay automotive corporation

$271,700

Bay automotive corporation was initially approved for PPP Loan of amount $271,700, the current approved amount is $271,700. The loan was approved on 01/31/2021 by The TowneBank reported 33 jobs and $271,700 was used to fund payroll.

Bay automotive corporation is Existing or more than 2 years old

PPP Loan Search / VA / Norfolk / Bay automotive corporation

BAY AUTOMOTIVE CORPORATION

Date Approved

01/31/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

BAY AUTOMOTIVE CORPORATION

Borrower Address

6970 N Military Hwy Ste A

Borrower City

Norfolk

Borrower State

VA

Borrower Zip

23518-4845

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

271700.00

Current Approval Amount

271700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Norfolk

Project County Name

NORFOLK CITY

Project State

VA

Project Zip

23518-4845

CD

VA-03

Jobs Reported

33

NAICS Code

811121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

271697.00

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

Corporation

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

275073.61

Forgiveness Date

05/02/2022

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