# PPP loan: BAY UTILITIES LLC
> **$877K** approved 01/27/2021 · Paid in Full · Loan `6700778301`
## Borrower
- **Name:** BAY UTILITIES LLC
- **Address:** 28411 Sweetgum Rd, Magnolia, TX, 77354-3048
- **NAICS:** 237110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $877K
- **Initial approval:** $877K
- **Forgiven:** $886K (101%)
- **Forgiveness date:** 02/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $877K
- **Utilities:** $1
- **Jobs reported:** 64
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*