# PPP loan: REEVES ENTITIES INC
> **$235K** approved 01/25/2021 · Paid in Full · Loan `5485228302`
## Borrower
- **Name:** REEVES ENTITIES INC
- **Address:** 11033 Nicholas Ln, Berlin, MD, 21811-3203
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $238K (101%)
- **Forgiveness date:** 03/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $235K
- **Utilities:** $1
- **Jobs reported:** 41
## Lender
- **Originating:** Bank of Ocean City
- **Servicing:** Bank of Ocean City (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*