# PPP loan: REACH MEDIA INC.
> **$1.23M** approved 05/27/2021 · Paid in Full · Loan `8405909001`
## Borrower
- **Name:** REACH MEDIA INC.
- **Address:** 1010 Wayne Ave Fl 14, Silver Spring, MD, 20910-5600
- **NAICS:** 515111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 05/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.23M
- **Utilities:** $1
- **Jobs reported:** 112
## Lender
- **Originating:** Optus Bank
- **Servicing:** Optus Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*