# PPP loan: EMBREE-REED, INC.
> **$1.47M** approved 04/29/2020 · Paid in Full · Loan `4298907309`
## Borrower
- **Name:** EMBREE-REED, INC.
- **Address:** 3418-A Vane Court, CHARLOTTE, NC, 28206
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.47M
- **Initial approval:** $1.47M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Rent:** $369K
- **Jobs reported:** 116
## Lender
- **Originating:** First Palmetto Bank
- **Servicing:** First Palmetto Bank (SC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*