PPP Loan information for Reach media inc.

$1,232,500

Reach media inc. was initially approved for PPP Loan of amount $1,232,500, the current approved amount is $1,232,500. The loan was approved on 05/27/2021 by The Optus Bank reported 112 jobs and $1,232,500 was used to fund payroll.

Reach media inc. is Existing or more than 2 years old

PPP Loan Search / MD / Silver Spring / Reach media inc.

REACH MEDIA INC.

Date Approved

05/27/2021

SBA Office Code

0353

Processing Method

PPP

Borrower Name

REACH MEDIA INC.

Borrower Address

1010 Wayne Ave Fl 14

Borrower City

Silver Spring

Borrower State

MD

Borrower Zip

20910-5600

Loan Status Date

06/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1232500.00

Current Approval Amount

1232500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124106

Servicing Lender Name

Optus Bank

Servicing Lender Address

1545 Sumter St

Servicing Lender City

COLUMBIA

Servicing Lender State

SC

Servicing Lender Zip

29201-2829

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Silver Spring

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20910-5600

CD

MD-08

Jobs Reported

112

NAICS Code

515111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1232494.00

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

124106

Originating Lender

Optus Bank

Originating Lender City

COLUMBIA

Originating Lender State

SC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1244217.19

Forgiveness Date

05/24/2022

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