# PPP loan: BRAY AND OAKLEY INSURANCE AGENCY
> **$307K** approved 04/10/2020 · Paid in Full · Loan `1616017109`
## Borrower
- **Name:** BRAY AND OAKLEY INSURANCE AGENCY
- **Address:** 213 MAIN ST, LOGAN, WV, 25601-3311
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Mortgage interest:** $50K
- **Utilities:** $11K
- **Jobs reported:** 30
## Lender
- **Originating:** Burke and Herbert Bank and Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*