# PPP loan: REELE CORP
> **$253K** approved 03/17/2021 · Paid in Full · Loan `3563708606`
## Borrower
- **Name:** REELE CORP
- **Address:** 2340 Plaza del Amo, Torrance, CA, 90501-3445
- **NAICS:** 621610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $252K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*