# PPP loan: BAY AUTOMOTIVE CORPORATION
> **$273K** approved 04/08/2020 · Paid in Full · Loan `7846957003`
## Borrower
- **Name:** BAY AUTOMOTIVE CORPORATION
- **Address:** 6970 N. Military Highway Suite A, NORFOLK, VA, 23518-4845
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $273K
- **Initial approval:** $273K
- **Forgiven:** $275K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $273K
- **Jobs reported:** 41
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*