# PPP loan: LANCASTER & REED, LLC
> **$459K** approved 04/14/2020 · Exemption 4 · Loan `7321717107`
## Borrower
- **Name:** LANCASTER & REED, LLC
- **Address:** 50 W MASHTA DR, KEY BISCAYNE, FL, 33149-2431
- **NAICS:** 541211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $459K
- **Initial approval:** $459K
- **Forgiven:** $312K (68%)
- **Forgiveness date:** 06/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $459K
- **Jobs reported:** 7
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*