PPP Loan information for The reed company

$131,632

The reed company was initially approved for PPP Loan of amount $131,632, the current approved amount is $131,632. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 12 jobs and $131,632 was used to fund payroll.

The reed company is Existing or more than 2 years old

PPP Loan Search / MA / LYNNFIELD / The reed company

THE REED COMPANY

Date Approved

05/01/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

THE REED COMPANY

Borrower Address

383R SUMMER ST

Borrower City

LYNNFIELD

Borrower State

MA

Borrower Zip

01940-2061

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

131632.00

Current Approval Amount

131632.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LYNNFIELD

Project County Name

ESSEX

Project State

MA

Project Zip

01940-2061

CD

MA-06

Jobs Reported

12

NAICS Code

541320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

131632.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

132710.30

Forgiveness Date

02/25/2021

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