# PPP loan: REEL PIPE & VALVE CO. INC
> **$506K** approved 04/09/2020 · Paid in Full · Loan `9294767005`
## Borrower
- **Name:** REEL PIPE & VALVE CO. INC
- **Address:** 914 N. Senate Ave 0.0, Indianapolis, IN, 46202-3030
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $393K
- **Utilities:** $9K
- **Health care:** $104K
- **Jobs reported:** 38
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*