# PPP loan: REICHDRILL, LLC
> **$694K** approved 04/08/2020 · Exemption 4 · Loan `7744877002`
## Borrower
- **Name:** REICHDRILL, LLC
- **Address:** 99 TROY HAWK RUN HWY, PHILIPSBURG, PA, 16866-8269
- **NAICS:** 333120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $615K (89%)
- **Forgiveness date:** 08/20/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $694K
- **Jobs reported:** 45
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*