# PPP loan: REEL INDUSTRIES, INC.
> **$348K** approved 04/14/2020 · Paid in Full · Loan `7535327103`
## Borrower
- **Name:** REEL INDUSTRIES, INC.
- **Address:** 11174 FLEETWOOD ST, SUN VALLEY, CA, 91352
- **NAICS:** 488490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Rent:** $87K
- **Jobs reported:** 25
## Lender
- **Originating:** Centerstone SBA Lending, Inc.
- **Servicing:** Centerstone SBA Lending, Inc. (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*