PPP Loan information for Reach communications inc

$319,738

Reach communications inc was initially approved for PPP Loan of amount $319,738, the current approved amount is $319,738. The loan was approved on 04/07/2020 by The Farmers State Bank of Hamel reported 20 jobs and $319,738 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

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

REACH COMMUNICATIONS INC

Borrower Address

8900 109TH AVE N

Borrower City

CHAMPLIN

Borrower State

MN

Borrower Zip

55316-3140

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

319737.50

Current Approval Amount

319737.50

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

55316-3140

CD

MN-03

Jobs Reported

20

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

319737.50

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

323889.71

Forgiveness Date

07/29/2021

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