# PPP loan: REACH COMMUNICATIONS INC
> **$320K** approved 04/07/2020 · Paid in Full · Loan `7497857009`
## Borrower
- **Name:** REACH COMMUNICATIONS INC
- **Address:** 8900 109TH AVE N, CHAMPLIN, MN, 55316-3140
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Jobs reported:** 20
## Lender
- **Originating:** Farmers State Bank of Hamel
- **Servicing:** Farmers State Bank of Hamel (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*