# PPP loan: FORMATIONS INC.
> **$527K** approved 02/04/2021 · Paid in Full · Loan `3362128406`
## Borrower
- **Name:** FORMATIONS INC.
- **Address:** 621 SE 202nd Ave, Portland, OR, 97233-6103
- **NAICS:** 337212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $527K
- **Initial approval:** $527K
- **Forgiven:** $528K (100%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $527K
- **Jobs reported:** 32
## 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*