BAAM INC (UT) - 2020 PPP Loan Borrower Profile (# 6629267007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BAAM INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Utah.

Loan Detail

Loan Number

6629267007

SBA Office Code

0883

Processing Method

PPP

Curent Loan Amount

$323,017.5

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$325,520.89

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

24,400

Payroll Proced

241,817.5

Rent Proceed

56,800

Lender

Cache Valley Bank

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

OGDEN, UT

Project Location

OGDEN, UT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.