# PPP loan: BAY COLONY ASSOCIATES INC.
> **$1.43M** approved 02/09/2021 · Paid in Full · Loan `5584518410`
## Borrower
- **Name:** BAY COLONY ASSOCIATES INC.
- **Address:** 800 William T Morrissey Blvd, Boston, MA, 02122-3404
- **NAICS:** 551114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.43M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 12/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.43M
- **Utilities:** $1
- **Jobs reported:** 160
## Lender
- **Originating:** SVB, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*