PPP Loan information for Bay restaurant associates, inc.

$50,639

Bay restaurant associates, inc. was initially approved for PPP Loan of amount $50,639, the current approved amount is $50,639. The loan was approved on 04/28/2020 by The Chelsea Groton Bank reported 30 jobs and $50,639 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

04/28/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

BAY RESTAURANT ASSOCIATES, INC.

Borrower Address

378 Rope Ferry Rd

Borrower City

WATERFORD

Borrower State

CT

Borrower Zip

06385-3145

Loan Status Date

02/10/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50639.00

Current Approval Amount

50639.00

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

N

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

30

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6329.88

Payroll Proceed

37979.25

Mortgage Interest Proceed

6329.87

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

51181.46

Forgiveness Date

05/27/2021

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