PPP Loan information for Bay cafe inc

$365,000

Bay cafe inc was initially approved for PPP Loan of amount $365,000, the current approved amount is $365,000. The loan was approved on 04/08/2020 by The TowneBank reported 65 jobs and $365,000 was used to fund payroll.

Bay cafe inc is Existing or more than 2 years old

PPP Loan Search / VA / VIRGINIA BEACH / Bay cafe inc

BAY CAFE INC

Date Approved

04/08/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

BAY CAFE INC

Borrower Address

2817 Shore Drive

Borrower City

VIRGINIA BEACH

Borrower State

VA

Borrower Zip

23451-1366

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

365000.00

Current Approval Amount

365000.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

VIRGINIA BEACH

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23451-1366

CD

VA-02

Jobs Reported

65

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

365000.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

368518.19

Forgiveness Date

03/31/2021

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