# PPP loan: REACOR, LTD
> **$483K** approved 04/12/2020 · Paid in Full · Loan `3806277106`
## Borrower
- **Name:** REACOR, LTD
- **Address:** 6640 Shady Oak Road #300, EDEN PRAIRIE, MN, 55344-1133
- **NAICS:** 531110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $487K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Rent:** $30K
- **Mortgage interest:** $30K
- **Utilities:** $30K
- **Health care:** $30K
- **Jobs reported:** 67
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*