PPP Loan information for Bay mechanical inc

$1,001,962

Bay mechanical inc was initially approved for PPP Loan of amount $1,001,962, the current approved amount is $1,001,962. The loan was approved on 02/10/2021 by The TowneBank reported 106 jobs and $1,001,962 was used to fund payroll.

Bay mechanical inc is Existing or more than 2 years old

PPP Loan Search / VA / Virginia Beach / Bay mechanical inc

BAY MECHANICAL INC

Date Approved

02/10/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

BAY MECHANICAL INC

Borrower Address

2696 Reliance Dr Ste 200

Borrower City

Virginia Beach

Borrower State

VA

Borrower Zip

23452-7832

Loan Status Date

07/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1001962.00

Current Approval Amount

1001962.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Virginia Beach

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23452-7832

CD

VA-02

Jobs Reported

106

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1001957.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1005552.36

Forgiveness Date

06/23/2021

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