# PPP loan: REYDEL VOLKSWAGEN INC
> **$597K** approved 04/11/2020 · Paid in Full · Loan `3025107109`
## Borrower
- **Name:** REYDEL VOLKSWAGEN INC
- **Address:** 2034 NJ-27, EDISON, NJ, 08817-3330
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $602K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $597K
- **Jobs reported:** 43
## Lender
- **Originating:** Manasquan Bank
- **Servicing:** Manasquan Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*