# PPP loan: RICHARD C REED ELECTRIC INC.
> **$217K** approved 05/04/2020 · Paid in Full · Loan `1453207406`
## Borrower
- **Name:** RICHARD C REED ELECTRIC INC.
- **Address:** 11012 CANYON RD E #8958, PUYALLUP, WA, 98373-4200
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Jobs reported:** 21
## Lender
- **Originating:** Timberland Bank
- **Servicing:** Timberland Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*