Date Approved
04/09/2020
SBA Office Code
0459
Processing Method
PPP
Borrower Name
BAY ELECTRIC, LLC
Borrower Address
1502 US HIGHWAY 31 SOUTH
Borrower City
BAY MINETTE
Borrower State
AL
Borrower Zip
36507-2611
Loan Status Date
05/18/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
102200.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
120708
Servicing Lender Name
The First Bank
Servicing Lender Address
6480 Hwy 98, West
Servicing Lender City
HATTIESBURG
Servicing Lender State
MS
Servicing Lender Zip
39402
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
New Business or 2 years or less
Project City
Project County Name
BALDWIN
Project State
Project Zip
CD
AL-01
Jobs Reported
17
NAICS Code
238210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
103247.55
Forgiveness Date
04/22/2021