PPP Loan information for Initiative brewing llc

$85,888

Initiative brewing llc was initially approved for PPP Loan of amount $85,888, the current approved amount is $85,888. The loan was approved on 02/11/2021 by The Umpqua Bank reported 14 jobs and $85,888 was used to fund payroll.

Initiative brewing llc is Existing or more than 2 years old

PPP Loan Search / OR / Redmond / Initiative brewing llc

INITIATIVE BREWING LLC

Date Approved

02/11/2021

SBA Office Code

1086

Processing Method

PPS

Borrower Name

INITIATIVE BREWING LLC

Borrower Address

424 NW 5th St

Borrower City

Redmond

Borrower State

OR

Borrower Zip

97756-1627

Loan Status Date

10/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

85888.00

Current Approval Amount

85888.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59698

Servicing Lender Name

Umpqua Bank

Servicing Lender Address

445 SE Main St, First Fl

Servicing Lender City

ROSEBURG

Servicing Lender State

OR

Servicing Lender Zip

97470-4934

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Redmond

Project County Name

DESCHUTES

Project State

OR

Project Zip

97756-1627

CD

OR-02

Jobs Reported

14

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

85885.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

59698

Originating Lender

Umpqua Bank

Originating Lender City

ROSEBURG

Originating Lender State

OR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

86384.50

Forgiveness Date

09/20/2021

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