Power Brushes, Inc.

$343,700 PPP Loan in Toledo, Ohio

Loan Details

Loan Number
4087647205
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$343,700
Current Approval
$343,700
Forgiveness Amount
$346,054
Forgiveness Date
Jan 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Power Brushes, Inc.
Address
756 S Byrne Rd
City
Toledo
State
Ohio
ZIP Code
43609-1062
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (339994)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
$5.0M
Rural/Urban
Urban
Congressional District
OH-09

Loan Use Breakdown

Payroll
$313,700
Rent
$10,500
Utilities
$3,000
Health Care
$12,000
Debt Interest
$4,500

Lender Information

Servicing Lender
Signature Bank, National Association
Originating Lender
Signature Bank, National Association

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