# PPP loan: REACH COMMUNICATIONS INC.
> **$320K** approved 01/22/2021 · Paid in Full · Loan `3460258305`
## Borrower
- **Name:** REACH COMMUNICATIONS INC.
- **Address:** 8600 109th Ave N Ste 400, Champlin, MN, 55316-3862
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $318K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $320K
- **Jobs reported:** 19
## Lender
- **Originating:** Farmers State Bank of Hamel
- **Servicing:** Farmers State Bank of Hamel (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*