PPP Loan information for Formations inc.

$527,405

Formations inc. was initially approved for PPP Loan of amount $527,405, the current approved amount is $527,405. The loan was approved on 02/04/2021 by The Umpqua Bank reported 32 jobs and $527,405 was used to fund payroll.

Formations inc. is Existing or more than 2 years old

PPP Loan Search / OR / Portland / Formations inc.

FORMATIONS INC.

Date Approved

02/04/2021

SBA Office Code

1086

Processing Method

PPP

Borrower Name

FORMATIONS INC.

Borrower Address

621 SE 202nd Ave

Borrower City

Portland

Borrower State

OR

Borrower Zip

97233-6103

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

527405.00

Current Approval Amount

527405.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59698

Servicing Lender Name

Umpqua Bank

Servicing Lender Address

445 SE Main St, First Fl

Servicing Lender City

ROSEBURG

Servicing Lender State

OR

Servicing Lender Zip

97470-4934

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Portland

Project County Name

MULTNOMAH

Project State

OR

Project Zip

97233-6103

CD

OR-03

Jobs Reported

32

NAICS Code

337212

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

527404.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

59698

Originating Lender

Umpqua Bank

Originating Lender City

ROSEBURG

Originating Lender State

OR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

527865.56

Forgiveness Date

09/07/2021

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