# PPP loan: BAYONA CORPORATION
> **$300K** approved 04/15/2020 · Charged Off · Loan `9728607110`
## Borrower
- **Name:** BAYONA CORPORATION
- **Address:** 430 Dauphine Street, NEW ORLEANS, LA, 70112
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $151K (50%)
- **Forgiveness date:** 11/01/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $225K
- **Utilities:** $75K
- **Jobs reported:** 42
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*