# PPP loan: BRAY & REED LTD.
> **$164K** approved 04/01/2021 · Paid in Full · Loan `4510588706`
## Borrower
- **Name:** BRAY & REED LTD.
- **Address:** 207 W Superior St Ste 224, Duluth, MN, 55802-4041
- **NAICS:** 541110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $111K (68%)
- **Forgiveness date:** 02/15/2024
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **Utilities:** $1
- **Jobs reported:** 4
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*