PPP Loan information for Bay restaurant associates inc.

$165,953

Bay restaurant associates inc. was initially approved for PPP Loan of amount $165,953, the current approved amount is $165,953. The loan was approved on 02/26/2021 by The Chelsea Groton Bank reported 20 jobs and $165,953 was used to fund payroll.

Bay restaurant associates inc. is Existing or more than 2 years old

PPP Loan Search / CT / Waterford / Bay restaurant associates inc.

BAY RESTAURANT ASSOCIATES INC.

Date Approved

02/26/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

BAY RESTAURANT ASSOCIATES INC.

Borrower Address

378 Mago Point Way

Borrower City

Waterford

Borrower State

CT

Borrower Zip

06385-3145

Loan Status Date

11/02/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

165952.50

Current Approval Amount

165952.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16318

Servicing Lender Name

Chelsea Groton Bank

Servicing Lender Address

1 Franklin Sq

Servicing Lender City

NORWICH

Servicing Lender State

CT

Servicing Lender Zip

06360-5825

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Waterford

Project County Name

NEW LONDON

Project State

CT

Project Zip

06385-3145

CD

CT-02

Jobs Reported

20

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

165946.50

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

16318

Originating Lender

Chelsea Groton Bank

Originating Lender City

NORWICH

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

166852.74

Forgiveness Date

09/17/2021

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