PPP Loan information for Reed-lane, inc.

$2,079,962

Reed-lane, inc. was initially approved for PPP Loan of amount $2,079,962, the current approved amount is $2,079,962. The loan was approved on 04/07/2020 by The Valley National Bank reported 175 jobs and $2,079,962 was used to fund payroll.

Reed-lane, inc. is Existing or more than 2 years old

PPP Loan Search / NJ / WAYNE / Reed-lane, inc.

REED-LANE, INC.

Date Approved

04/07/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

REED-LANE, INC.

Borrower Address

359 NEWARK POMPTON TPKE

Borrower City

WAYNE

Borrower State

NJ

Borrower Zip

07470-6600

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2079962.00

Current Approval Amount

2079962.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45120

Servicing Lender Name

Valley National Bank

Servicing Lender Address

615 Main Ave

Servicing Lender City

PASSAIC

Servicing Lender State

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAYNE

Project County Name

PASSAIC

Project State

NJ

Project Zip

07470-6600

CD

NJ-11

Jobs Reported

175

NAICS Code

322212

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2079962.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2103766.01

Forgiveness Date

06/02/2021

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