PPP Loan information for Brainz inc

$500,054

Brainz inc was initially approved for PPP Loan of amount $500,054, the current approved amount is $500,054. The loan was approved on 04/16/2020 by The Cross River Bank reported 54 jobs and $500,054 was used to fund payroll.

Brainz inc is Existing or more than 2 years old

PPP Loan Search / MN / Brooklyn Park / Brainz inc

BRAINZ INC

Date Approved

04/16/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BRAINZ INC

Borrower Address

7845 Brooklyn Blvd Suite 200

Borrower City

Brooklyn Park

Borrower State

MN

Borrower Zip

55445

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500054.00

Current Approval Amount

500054.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Brooklyn Park

Project County Name

HENNEPIN

Project State

MN

Project Zip

55445-1000

CD

MN-03

Jobs Reported

54

NAICS Code

621999

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

500054.00

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

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

503616.03

Forgiveness Date

01/07/2021

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