# PPP loan: SCIENTIFIC BRAKE & EQUIPMENT CO.
> **$714K** approved 01/27/2021 · Paid in Full · Loan `6436648308`
## Borrower
- **Name:** SCIENTIFIC BRAKE & EQUIPMENT CO.
- **Address:** 314 W Genesee Ave, Saginaw, MI, 48602-5510
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $714K
- **Initial approval:** $714K
- **Forgiven:** $718K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $714K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*