PPP Loan information for Bay implement company, inc.

$28,825

Bay implement company, inc. was initially approved for PPP Loan of amount $28,825, the current approved amount is $28,825. The loan was approved on 04/14/2020 by The Community Spirit Bank reported 6 jobs and $28,825 was used to fund payroll.

Bay implement company, inc. is Existing or more than 2 years old

PPP Loan Search / AL / RED BAY, ALABAMA / Bay implement company, inc.

BAY IMPLEMENT COMPANY, INC.

Date Approved

04/14/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

BAY IMPLEMENT COMPANY, INC.

Borrower Address

1005 4TH ST NW

Borrower City

RED BAY, ALABAMA

Borrower State

AL

Borrower Zip

35582-3959

Loan Status Date

09/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

28825.00

Current Approval Amount

28825.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3201

Servicing Lender Name

Community Spirit Bank

Servicing Lender Address

200 4th Ave SW

Servicing Lender City

RED BAY

Servicing Lender State

AL

Servicing Lender Zip

35582-4180

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RED BAY, ALABAMA

Project County Name

FRANKLIN

Project State

AL

Project Zip

35582-3959

CD

AL-04

Jobs Reported

6

NAICS Code

423820

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2500.00

Payroll Proceed

26325.00

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

3201

Originating Lender

Community Spirit Bank

Originating Lender City

RED BAY

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

29511.20

Forgiveness Date

08/23/2022

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