# PPP loan: BRAKE & CLUTCH, INC.
> **$479K** approved 04/07/2020 · Paid in Full · Loan `6717867010`
## Borrower
- **Name:** BRAKE & CLUTCH, INC.
- **Address:** 63 Bridge Street, SALEM, MA, 01970-4128
- **NAICS:** 441310
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $479K
- **Initial approval:** $479K
- **Forgiven:** $483K (101%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $479K
- **Jobs reported:** 43
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*