# PPP loan: REED ELECTRIC CO.
> **$251K** approved 06/25/2020 · Exemption 4 · Loan `4002338008`
## Borrower
- **Name:** REED ELECTRIC CO.
- **Address:** 2539 NW Vaughn St, PORTLAND, OR, 97210-2551
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $214K (85%)
- **Forgiveness date:** 06/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $251K
- **Jobs reported:** 24
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*