# PPP loan: CAY ELECTRONICS, INC.
> **$152K** approved 04/03/2020 · Paid in Full · Loan `4576697003`
## Borrower
- **Name:** CAY ELECTRONICS, INC.
- **Address:** One Maritime Drive, PORTSMOUTH, RI, 02871-6100
- **NAICS:** 811219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 8
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*