# PPP loan: REED INDUSTRIAL RESOURCES INC.
> **$424K** approved 01/27/2021 · Paid in Full · Loan `6516728308`
## Borrower
- **Name:** REED INDUSTRIAL RESOURCES INC.
- **Address:** 7993 Route 522, Middleburg, PA, 17842-9483
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $426K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $424K
- **Jobs reported:** 35
## Lender
- **Originating:** Firstrust Savings Bank
- **Servicing:** Firstrust Savings Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*