# PPP loan: LONG BEACH REACH INC.
> **$662K** approved 02/25/2021 · Exemption 4 · Loan `4356828500`
## Borrower
- **Name:** LONG BEACH REACH INC.
- **Address:** 2-12 W Park Ave, Long Beach, NY, 11561-2025
- **NAICS:** 624110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $662K
- **Initial approval:** $662K
- **Forgiven:** $466K (70%)
- **Forgiveness date:** 06/23/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $662K
- **Utilities:** $1
- **Jobs reported:** 69
## Lender
- **Originating:** Signature Bank
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*