Date Approved
04/11/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
BAY ELECTRIC INC
Borrower Address
48643 BANFIELD AVENUE P O Box 297
Borrower City
DOLLAR BAY
Borrower State
MI
Borrower Zip
49922-9999
Loan Status Date
12/18/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
215925.15
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
35292
Servicing Lender Name
Superior National Bank
Servicing Lender Address
235 Quincy St
Servicing Lender City
HANCOCK
Servicing Lender State
Servicing Lender Zip
49930-1816
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
HOUGHTON
Project State
Project Zip
CD
MI-01
Jobs Reported
26
NAICS Code
238210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
854.00
Payroll Proceed
193652.15
Mortgage Interest Proceed
Rent Proceed
15000.00
Refinance EIDL Proceed
Health Care Proceed
6419.00
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non Profit
Forgiveness Amount
217114.22
Forgiveness Date
11/05/2020