PPP Loan information for Reed mechanical equipment inc.

$361,055

Reed mechanical equipment inc. was initially approved for PPP Loan of amount $361,055, the current approved amount is $361,055. The loan was approved on 01/26/2021 by The Progressive Bank reported 20 jobs and $361,055 was used to fund payroll.

Reed mechanical equipment inc. is Existing or more than 2 years old

PPP Loan Search / LA / Shreveport / Reed mechanical equipment inc.

REED MECHANICAL EQUIPMENT INC.

Date Approved

01/26/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

REED MECHANICAL EQUIPMENT INC.

Borrower Address

8808 Gray Hawk Rd

Borrower City

Shreveport

Borrower State

LA

Borrower Zip

71118-2244

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

361055.00

Current Approval Amount

361055.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29371

Servicing Lender Name

Progressive Bank

Servicing Lender Address

1411 N 19th St

Servicing Lender City

MONROE

Servicing Lender State

LA

Servicing Lender Zip

71201-4939

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Shreveport

Project County Name

CADDO

Project State

LA

Project Zip

71118-2244

CD

LA-04

Jobs Reported

20

NAICS Code

423730

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

361055.00

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

Corporation

Originating Lender Location Id

29371

Originating Lender

Progressive Bank

Originating Lender City

MONROE

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

362770.01

Forgiveness Date

07/20/2021

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