# PPP loan: BAY ENGINEERING, INC.
> **$254K** approved 04/05/2020 · Paid in Full · Loan `5134227010`
## Borrower
- **Name:** BAY ENGINEERING, INC.
- **Address:** 253 N 1ST AVE, STURGEON BAY, WI, 54235-2500
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $204K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Rent:** $25K
- **Utilities:** $11K
- **Health care:** $16K
- **Debt interest:** $15K
- **Jobs reported:** 19
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Nicolet National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*