PPP Loan information for Bay electric co inc.

$876,155

Bay electric co inc. was initially approved for PPP Loan of amount $876,155, the current approved amount is $876,155. The loan was approved on 04/15/2020 by The Atlantic Union Bank reported 64 jobs and $876,155 was used to fund payroll.

Bay electric co inc. is New Business or 2 years or less

PPP Loan Search / VA / Newport News / Bay electric co inc.

BAY ELECTRIC CO INC.

Date Approved

04/15/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

BAY ELECTRIC CO INC.

Borrower Address

627 36th Street

Borrower City

Newport News

Borrower State

VA

Borrower Zip

23607

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

876155.00

Current Approval Amount

876155.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Newport News

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23607-0001

CD

VA-03

Jobs Reported

64

NAICS Code

236220

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

876155.00

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

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

884308.11

Forgiveness Date

03/31/2021

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