# PPP loan: BAY CLIPS INC.
> **$318K** approved 01/21/2021 · Paid in Full · Loan `3183738308`
## Borrower
- **Name:** BAY CLIPS INC.
- **Address:** 2232 Oak St, Virginia Beach, VA, 23451-1312
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $321K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $318K
- **Jobs reported:** 49
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*