# PPP loan: REED OIL COMPANY INC
> **$1.37M** approved 03/20/2021 · Paid in Full · Loan `5285288609`
## Borrower
- **Name:** REED OIL COMPANY INC
- **Address:** 511 Montgomery Ave, New Castle, PA, 16102-1111
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 04/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.37M
- **Jobs reported:** 114
## 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*