# PPP loan: BAY & ASSOCIATES, INC.
> **$690K** approved 04/10/2020 · Paid in Full · Loan `1696317104`
## Borrower
- **Name:** BAY & ASSOCIATES, INC.
- **Address:** 8217 SHOAL CREEK BLVD, #100, AUSTIN, TX, 78757-7500
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $690K
- **Initial approval:** $690K
- **Forgiven:** $695K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $658K
- **Mortgage interest:** $30K
- **Utilities:** $2K
- **Jobs reported:** 39
## Lender
- **Originating:** First National Bank of Anderson
- **Servicing:** First National Bank of Anderson (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*