# PPP loan: GORDON REED & ASSOCIATES, INC.
> **$267K** approved 04/07/2020 · Exemption 4 · Loan `6543237008`
## Borrower
- **Name:** GORDON REED & ASSOCIATES, INC.
- **Address:** 201 Rue Iberville Suite 710, LAFAYETTE, LA, 70505-2132
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $175K (65%)
- **Forgiveness date:** 08/10/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $267K
- **Jobs reported:** 32
## Lender
- **Originating:** Rayne State Bank & Trust Company
- **Servicing:** Rayne State Bank & Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*