PPP Loan information for Reed mechanical equipment inc

$329,038

Reed mechanical equipment inc was initially approved for PPP Loan of amount $329,038, the current approved amount is $329,038. The loan was approved on 04/09/2020 by The Progressive Bank reported 23 jobs and $329,038 was used to fund payroll.

Reed mechanical equipment inc is Existing or more than 2 years old

PPP Loan Search / LA / SHREVEPORT / Reed mechanical equipment inc

REED MECHANICAL EQUIPMENT INC

Date Approved

04/09/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

REED MECHANICAL EQUIPMENT INC

Borrower Address

8808 Gray Hawk Road

Borrower City

SHREVEPORT

Borrower State

LA

Borrower Zip

71118-2244

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

329037.63

Current Approval Amount

329037.63

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29371

Servicing Lender Name

Progressive Bank

Servicing Lender Address

1411 N 19th St

Servicing Lender City

MONROE

Servicing Lender State

LA

Servicing Lender Zip

71201-4939

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SHREVEPORT

Project County Name

CADDO

Project State

LA

Project Zip

71118-2244

CD

LA-04

Jobs Reported

23

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

329037.63

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

29371

Originating Lender

Progressive Bank

Originating Lender City

MONROE

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

325209.16

Forgiveness Date

12/14/2020

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