# PPP loan: REINER CONTRACTING INC.
> **$1.48M** approved 02/06/2021 · Exemption 4 · Loan `4572818404`
## Borrower
- **Name:** REINER CONTRACTING INC.
- **Address:** 21541 Highway 7 W, Hutchinson, MN, 55350-4340
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.08M (73%)
- **Forgiveness date:** 12/01/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.48M
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Citizens Bank & Trust Co
- **Servicing:** Citizens Bank & Trust Co (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*