# PPP loan: BAP POWER CORPORATION
> **$508K** approved 03/15/2021 · Paid in Full · Loan `2808448605`
## Borrower
- **Name:** BAP POWER CORPORATION
- **Address:** 3176 Lionshead Ave Ste 200, Carlsbad, CA, 92010-4708
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $508K
- **Initial approval:** $508K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $508K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Cathay Bank
- **Servicing:** Cathay Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*