# PPP loan: REICHEL FOODS, INC.
> **$3.37M** approved 04/06/2020 · Paid in Full · Loan `5719197009`
## Borrower
- **Name:** REICHEL FOODS, INC.
- **Address:** 3706 ENTERPRISE DR, ROCHESTER, MN, 55902-1257
- **NAICS:** 311919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.37M
- **Initial approval:** $3.37M
- **Forgiven:** $3.41M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.37M
- **Jobs reported:** 375
## Lender
- **Originating:** Home Federal Savings Bank
- **Servicing:** Home Federal Savings Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*