PPP Loan information for Bay lines inc

$491,200

Bay lines inc was initially approved for PPP Loan of amount $491,200, the current approved amount is $491,200. The loan was approved on 01/25/2021 by The Regions Bank reported 46 jobs and $491,200 was used to fund payroll.

Bay lines inc is Existing or more than 2 years old

BAY LINES INC

Date Approved

01/25/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

BAY LINES INC

Borrower Address

2404 Michigan Ave

Borrower City

Mobile

Borrower State

AL

Borrower Zip

36615-1127

Loan Status Date

01/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

491200.00

Current Approval Amount

491200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mobile

Project County Name

MOBILE

Project State

AL

Project Zip

36615-1127

CD

AL-01

Jobs Reported

46

NAICS Code

484121

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

491199.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

495398.75

Forgiveness Date

12/09/2021

;