# PPP loan: REED'S INC
> **$770K** approved 04/13/2020 · Paid in Full · Loan `5352427107`
## Borrower
- **Name:** REED'S INC
- **Address:** 201 MERRITT 7, NORWALK, CT, 06851-1045
- **NAICS:** 312111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $770K
- **Initial approval:** $770K
- **Forgiven:** $778K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $678K
- **Health care:** $92K
- **Jobs reported:** 28
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*