PPP Loan information for Reed motors inc

$2,433,500

Reed motors inc was initially approved for PPP Loan of amount $2,433,500, the current approved amount is $2,433,500. The loan was approved on 04/07/2020 by The PNC Bank, National Association reported 141 jobs and $2,433,500 was used to fund payroll.

Reed motors inc is Existing or more than 2 years old

PPP Loan Search / FL / ORLANDO / Reed motors inc

REED MOTORS INC

Date Approved

04/07/2020

SBA Office Code

0491

Processing Method

PPP

Borrower Name

REED MOTORS INC

Borrower Address

3776 W COLONIAL DR

Borrower City

ORLANDO

Borrower State

FL

Borrower Zip

32808-7906

Loan Status Date

05/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2433500.00

Current Approval Amount

2433500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ORLANDO

Project County Name

ORANGE

Project State

FL

Project Zip

32808-7906

CD

FL-10

Jobs Reported

141

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2433500.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2425962.65

Forgiveness Date

08/13/2021

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