# PPP loan: REED ACADEMY
> **$700K** approved 04/08/2020 · Exemption 4 · Loan `8020107004`
## Borrower
- **Name:** REED ACADEMY
- **Address:** 25 POTASH RD, OAKLAND, NJ, 07436-1612
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $700K
- **Jobs reported:** 84
## Lender
- **Originating:** Columbia Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*