# PPP loan: REYNOLDS MOTOR COMPANY
> **$742K** approved 04/16/2020 · Paid in Full · Loan `2363287202`
## Borrower
- **Name:** REYNOLDS MOTOR COMPANY
- **Address:** 1900 AVENUE OF THE CITIES, EAST MOLINE, IL, 61244-4123
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $742K
- **Initial approval:** $745K
- **Forgiven:** $751K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $612K
- **Rent:** $50K
- **Utilities:** $20K
- **Health care:** $60K
- **Jobs reported:** 50
## Lender
- **Originating:** TBK Bank, SSB
- **Servicing:** TBK Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*