# PPP loan: PETERSEN BROTHERS INC.
> **$796K** approved 02/20/2021 · Paid in Full · Loan `2440188502`
## Borrower
- **Name:** PETERSEN BROTHERS INC.
- **Address:** 2008 East Valley Hwy E, Sumner, WA, 98390-9579
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $796K
- **Initial approval:** $796K
- **Forgiven:** $800K (100%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $796K
- **Jobs reported:** 57
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*