BRACO INC. (KY) - 2020 PPP Loan Borrower Profile (# 5948438401)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BRACO INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Kentucky.

Loan Detail

Loan Number

5948438401

SBA Office Code

0457

Processing Method

PPS

Curent Loan Amount

$120,552

Date Loan was Approved

Feb 9, 2021

Amount Forgiven

$121,265.4

Date Loan was Forgiven

Sep 15, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

120,551

Lender

Independence Bank of Kentucky

Business Detail

Business Type

Corporation

NAICS

484220

Borrower Location

Henderson, KY

Project Location

Henderson, KY

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.