# PPP loan: REED & HOPPES, INC.
> **$152K** approved 04/09/2020 · Paid in Full · Loan `9926187007`
## Borrower
- **Name:** REED & HOPPES, INC.
- **Address:** 2661 E GRAND RIVER AVE, PORTLAND, MI, 48875-9636
- **NAICS:** 485999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 17
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*