PPP Loan information for Bay diesel corporation

$725,000

Bay diesel corporation was initially approved for PPP Loan of amount $725,000, the current approved amount is $725,000. The loan was approved on 02/20/2021 by The Truist Bank reported 56 jobs and $725,000 was used to fund payroll.

Bay diesel corporation is Existing or more than 2 years old

PPP Loan Search / VA / Chesapeake / Bay diesel corporation

BAY DIESEL CORPORATION

Date Approved

02/20/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

BAY DIESEL CORPORATION

Borrower Address

3736 Cook Blvd

Borrower City

Chesapeake

Borrower State

VA

Borrower Zip

23323-1604

Loan Status Date

10/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

725000.00

Current Approval Amount

725000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Chesapeake

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23323-1604

CD

VA-03

Jobs Reported

56

NAICS Code

336611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

725000.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

729370.14

Forgiveness Date

09/28/2021

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