# PPP loan: BACKBAY ELECTRIC INC
> **$157K** approved 03/26/2021 · Paid in Full · Loan `9435398601`
## Borrower
- **Name:** BACKBAY ELECTRIC INC
- **Address:** 12960 Commerce Lakes Dr Ste 28, Fort Myers, FL, 33913-8661
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Cogent Bank
- **Servicing:** Cogent Bank (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*