# PPP loan: BACKBAY CONSTRUCTION INC.
> **$425K** approved 01/25/2021 · Paid in Full · Loan `5065548308`
## Borrower
- **Name:** BACKBAY CONSTRUCTION INC.
- **Address:** 12360 Crystal Commerce Loop, Fort Myers, FL, 33966-1281
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $428K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $425K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Cogent Bank
- **Servicing:** Cogent Bank (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*