# PPP loan: AMERICAN READING CO INC
> **$4.23M** approved 04/14/2020 · Paid in Full · Loan `6736077102`
## Borrower
- **Name:** AMERICAN READING CO INC
- **Address:** 201 S GULPH RD, KING OF PRUSSIA, PA, 19406-3170
- **NAICS:** 424920
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.23M
- **Initial approval:** $4.23M
- **Forgiven:** $4.28M (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.23M
- **Jobs reported:** 257
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*