# PPP loan: BAY ELECTRIC SUPPLY INC.
> **$158K** approved 05/27/2020 · Paid in Full · Loan `3929567807`
## Borrower
- **Name:** BAY ELECTRIC SUPPLY INC.
- **Address:** 1495 Gulf Freeway South, League City, TX, 77573-5121
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 11
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*