# PPP loan: PORTLAND ENGINEERING INC
> **$322K** approved 04/07/2020 · Paid in Full · Loan `6945707010`
## Borrower
- **Name:** PORTLAND ENGINEERING INC
- **Address:** 7675 High Banks Rd., Unit 1, CENTRAL POINT, OR, 97502-9520
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Rent:** $16K
- **Utilities:** $4K
- **Jobs reported:** 20
## Lender
- **Originating:** Peoples Bank of Commerce
- **Servicing:** Peoples Bank of Commerce (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*