# PPP loan: BAY AREA ELECTRIC INC
> **$186K** approved 04/28/2020 · Paid in Full · Loan `8051447200`
## Borrower
- **Name:** BAY AREA ELECTRIC INC
- **Address:** 6244 Clark Center Avenue Unit 2, SARASOTA, FL, 34238
- **NAICS:** 238210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $186K
- **Initial approval:** $186K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Jobs reported:** 16
## Lender
- **Originating:** BayFirst National Bank
- **Servicing:** BayFirst National Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*