# PPP loan: BRANDSWAY ELECTRONICS INC.
> **$349K** approved 05/04/2020 · Exemption 4 · Loan `1403967402`
## Borrower
- **Name:** BRANDSWAY ELECTRONICS INC.
- **Address:** 195 BETHPAGE SWEET HOLLOW RD, OLD BETHPAGE, NY, 11804-1314
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $55K
- **Forgiven:** $56K (16%)
- **Forgiveness date:** 03/30/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $349K
- **Jobs reported:** 4
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*