PPP Loan information for Bay area receivables, inc

$184,500

Bay area receivables, inc was initially approved for PPP Loan of amount $184,500, the current approved amount is $184,500. The loan was approved on 04/09/2020 by The Hebron Savings Bank reported 29 jobs and $184,500 was used to fund payroll.

Bay area receivables, inc is Existing or more than 2 years old

PPP Loan Search / MD / SALISBURY / Bay area receivables, inc

BAY AREA RECEIVABLES, INC

Date Approved

04/09/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

BAY AREA RECEIVABLES, INC

Borrower Address

714 Eastern Shore Dr.

Borrower City

SALISBURY

Borrower State

MD

Borrower Zip

21804-5953

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

184500.00

Current Approval Amount

184500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30707

Servicing Lender Name

Hebron Savings Bank

Servicing Lender Address

101 N Main St

Servicing Lender City

HEBRON

Servicing Lender State

MD

Servicing Lender Zip

21830-1039

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SALISBURY

Project County Name

WICOMICO

Project State

MD

Project Zip

21804-5953

CD

MD-01

Jobs Reported

29

NAICS Code

561440

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

184500.00

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

Subchapter S Corporation

Originating Lender Location Id

30707

Originating Lender

Hebron Savings Bank

Originating Lender City

HEBRON

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

186519.25

Forgiveness Date

05/18/2021

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