PPP Loan information for Brake system inc

$204,422

Brake system inc was initially approved for PPP Loan of amount $204,422, the current approved amount is $204,422. The loan was approved on 01/23/2021 by The Umpqua Bank reported 16 jobs and $204,422 was used to fund payroll.

Brake system inc is Existing or more than 2 years old

PPP Loan Search / OR / Portland / Brake system inc

BRAKE SYSTEM INC

Date Approved

01/23/2021

SBA Office Code

1086

Processing Method

PPS

Borrower Name

BRAKE SYSTEM INC

Borrower Address

2221 NE Hoyt St

Borrower City

Portland

Borrower State

OR

Borrower Zip

97232-2858

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

204422.00

Current Approval Amount

204422.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Portland

Project County Name

MULTNOMAH

Project State

OR

Project Zip

97232-2858

CD

OR-01

Jobs Reported

16

NAICS Code

336340

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

204419.00

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

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

205452.51

Forgiveness Date

08/09/2021

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