# PPP loan: BAY AREA ELECTRIC INC.
> **$220K** approved 04/28/2020 · Paid in Full · Loan `9645657206`
## Borrower
- **Name:** BAY AREA ELECTRIC INC.
- **Address:** 4800 TODVILLE RD, SEABROOK, TX, 77586-1701
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 18
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*