PPP Loan information for Bay metals & fabrication llc

$1,541,200

Bay metals & fabrication llc was initially approved for PPP Loan of amount $1,541,200, the current approved amount is $1,541,200. The loan was approved on 04/28/2020 by The TowneBank reported 103 jobs and $1,541,200 was used to fund payroll.

Bay metals & fabrication llc is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / Bay metals & fabrication llc

BAY METALS & FABRICATION LLC

Date Approved

04/28/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

BAY METALS & FABRICATION LLC

Borrower Address

624 Obendorfer Rd

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23324

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1541200.00

Current Approval Amount

1541200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHESAPEAKE

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23324-0001

CD

VA-03

Jobs Reported

103

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1541200.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1551389.04

Forgiveness Date

12/28/2020

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