# PPP loan: BLOCK 15 BREWING COMPANY INC
> **$857K** approved 04/06/2020 · Paid in Full · Loan `6123227009`
## Borrower
- **Name:** BLOCK 15 BREWING COMPANY INC
- **Address:** 300 SW Jefferson Ave, CORVALLIS, OR, 97333-4607
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $857K
- **Initial approval:** $857K
- **Forgiven:** $866K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Rent:** $47K
- **Utilities:** $21K
- **Health care:** $30K
- **Debt interest:** $8K
- **Jobs reported:** 59
## Lender
- **Originating:** Oregon State CU
- **Servicing:** Oregon State CU (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*