PPP Loan information for Reichel foods, inc.

$3,370,253

Reichel foods, inc. was initially approved for PPP Loan of amount $3,370,400, the current approved amount is $3,370,253. The loan was approved on 04/06/2020 by The Home Federal Savings Bank reported 375 jobs and $3,370,253 was used to fund payroll.

Reichel foods, inc. is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Reichel foods, inc.

REICHEL FOODS, INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

REICHEL FOODS, INC.

Borrower Address

3706 ENTERPRISE DR

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55902-1257

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3370400.00

Current Approval Amount

3370253.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81242

Servicing Lender Name

Home Federal Savings Bank

Servicing Lender Address

1016 Civic Center Dr NW

Servicing Lender City

ROCHESTER

Servicing Lender State

MN

Servicing Lender Zip

55901-1881

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55902-1257

CD

MN-01

Jobs Reported

375

NAICS Code

311919

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

3370253.00

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

81242

Originating Lender

Home Federal Savings Bank

Originating Lender City

ROCHESTER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3409479.00

Forgiveness Date

06/11/2021

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