PPP Loan information for Bay electric co inc.

$869,700

Bay electric co inc. was initially approved for PPP Loan of amount $869,700, the current approved amount is $869,700. The loan was approved on 02/25/2021 by The Primis Bank reported 33 jobs and $869,700 was used to fund payroll.

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

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

BAY ELECTRIC CO INC.

Date Approved

02/25/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

BAY ELECTRIC CO INC.

Borrower Address

627 36th St

Borrower City

Newport News

Borrower State

VA

Borrower Zip

23607-3015

Loan Status Date

12/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

869700.00

Current Approval Amount

869700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434059

Servicing Lender Name

Primis Bank

Servicing Lender Address

307 Church Lane

Servicing Lender City

TAPPAHANNOCK

Servicing Lender State

VA

Servicing Lender Zip

22560

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Newport News

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23607-3015

CD

VA-03

Jobs Reported

33

NAICS Code

238210

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

869698.00

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

434059

Originating Lender

Primis Bank

Originating Lender City

TAPPAHANNOCK

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

875966.61

Forgiveness Date

11/17/2021

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