# PPP loan: POWER BRUSHES, INC.
> **$344K** approved 04/27/2020 · Paid in Full · Loan `4087647205`
## Borrower
- **Name:** POWER BRUSHES, INC.
- **Address:** 756 S BYRNE RD, TOLEDO, OH, 43609-1062
- **NAICS:** 339994
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $344K
- **Initial approval:** $344K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $314K
- **Rent:** $11K
- **Utilities:** $3K
- **Health care:** $12K
- **Debt interest:** $5K
- **Jobs reported:** 18
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*