# PPP loan: BRAKE AND EQUIPMENT CO., INC.
> **$312K** approved 04/08/2020 · Paid in Full · Loan `8017507005`
## Borrower
- **Name:** BRAKE AND EQUIPMENT CO., INC.
- **Address:** 4935 MANTZ HUNTERS VW, RICHFIELD, WI, 53076-9408
- **NAICS:** 336999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Rent:** $122K
- **Utilities:** $36K
- **Jobs reported:** 20
## Lender
- **Originating:** Summit Credit Union
- **Servicing:** Summit CU (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*