# PPP loan: BAY ENGINEERING INC.
> **$471K** approved 02/06/2021 · Paid in Full · Loan `4125928400`
## Borrower
- **Name:** BAY ENGINEERING INC.
- **Address:** 2661 Riva Rd Bldg 800, Annapolis, MD, 21401-7572
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $473K (100%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $471K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Severn Bank, A Division of
- **Servicing:** Shore United Bank, National Association (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*