PPP Loan information for Reed switch develpments corp.

$141,400

Reed switch develpments corp. was initially approved for PPP Loan of amount $141,400, the current approved amount is $141,400. The loan was approved on 04/13/2020 by The Johnson Bank reported 15 jobs and $141,400 was used to fund payroll.

Reed switch develpments corp. is Existing or more than 2 years old

PPP Loan Search / WI / RACINE / Reed switch develpments corp.

REED SWITCH DEVELPMENTS CORP.

Date Approved

04/13/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

REED SWITCH DEVELPMENTS CORP.

Borrower Address

2524 NORWOOD CT

Borrower City

RACINE

Borrower State

WI

Borrower Zip

53403-3870

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

141400.00

Current Approval Amount

141400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77025

Servicing Lender Name

Johnson Bank

Servicing Lender Address

555 Main St

Servicing Lender City

RACINE

Servicing Lender State

WI

Servicing Lender Zip

53403-1032

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RACINE

Project County Name

RACINE

Project State

WI

Project Zip

53403-3870

CD

WI-01

Jobs Reported

15

NAICS Code

335313

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

17675.00

Payroll Proceed

106050.00

Mortgage Interest Proceed

0.00

Rent Proceed

17675.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

77025

Originating Lender

Johnson Bank

Originating Lender City

RACINE

Originating Lender State

WI

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

142999.95

Forgiveness Date

06/09/2021

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