PPP Loan information for Reach communications inc.

$319,737

Reach communications inc. was initially approved for PPP Loan of amount $317,737, the current approved amount is $319,737. The loan was approved on 01/22/2021 by The Farmers State Bank of Hamel reported 19 jobs and $319,737 was used to fund payroll.

Reach communications inc. is Existing or more than 2 years old

PPP Loan Search / MN / Champlin / Reach communications inc.

REACH COMMUNICATIONS INC.

Date Approved

01/22/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

REACH COMMUNICATIONS INC.

Borrower Address

8600 109th Ave N Ste 400

Borrower City

Champlin

Borrower State

MN

Borrower Zip

55316-3862

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

317737.00

Current Approval Amount

319737.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38204

Servicing Lender Name

Farmers State Bank of Hamel

Servicing Lender Address

145 Hamel Rd

Servicing Lender City

HAMEL

Servicing Lender State

MN

Servicing Lender Zip

55340-9535

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Champlin

Project County Name

HENNEPIN

Project State

MN

Project Zip

55316-3862

CD

MN-03

Jobs Reported

19

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

319735.00

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

Subchapter S Corporation

Originating Lender Location Id

38204

Originating Lender

Farmers State Bank of Hamel

Originating Lender City

HAMEL

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

322601.49

Forgiveness Date

12/23/2021

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