# PPP loan: REID PETROLEUM INC.
> **$1.52M** approved 04/15/2020 · Paid in Full · Loan `9983487108`
## Borrower
- **Name:** REID PETROLEUM INC.
- **Address:** 100 West Genesee Street, Lockport, NY, 14095
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Rent:** $134K
- **Health care:** $150K
- **Jobs reported:** 94
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*