# PPP loan: BAY PRODUCTS, INC.
> **$243K** approved 05/01/2020 · Paid in Full · Loan `1013937703`
## Borrower
- **Name:** BAY PRODUCTS, INC.
- **Address:** 17800 15 Mile Road, Fraser, MI, 48026
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Rent:** $31K
- **Utilities:** $6K
- **Health care:** $7K
- **Jobs reported:** 14
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*