# PPP loan: TORO BRAVO, INC
> **$1.53M** approved 04/11/2020 · Exemption 4 · Loan `3508297103`
## Borrower
- **Name:** TORO BRAVO, INC
- **Address:** 120 ne Russell st, Portland, OR, 97212-3706
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.53M
- **Initial approval:** $1.53M
- **Forgiven:** $1.40M (92%)
- **Forgiveness date:** 07/21/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.53M
- **Jobs reported:** 63
## Lender
- **Originating:** Beneficial State Bank
- **Servicing:** Beneficial State Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*