# PPP loan: REED THOMAS CO INC
> **$1.08M** approved 01/26/2021 · Exemption 4 · Loan `6005678304`
## Borrower
- **Name:** REED THOMAS CO INC
- **Address:** 1025 N Santiago St, Santa Ana, CA, 92701-3834
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.02M (94%)
- **Forgiveness date:** 05/10/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.08M
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*