PPP Loan information for Reacs, inc.

$98,200

Reacs, inc. was initially approved for PPP Loan of amount $98,300, the current approved amount is $98,200. The loan was approved on 04/08/2020 by The Sandy Spring Bank reported 12 jobs and $98,200 was used to fund payroll.

Reacs, inc. is Existing or more than 2 years old

PPP Loan Search / VA / VIENNA / Reacs, inc.

REACS, INC.

Date Approved

04/08/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

REACS, INC.

Borrower Address

2112 Gallows Rd. Ste. C2

Borrower City

VIENNA

Borrower State

VA

Borrower Zip

22182-3922

Loan Status Date

05/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

98300.00

Current Approval Amount

98200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

VIENNA

Project County Name

FAIRFAX

Project State

VA

Project Zip

22182-3922

CD

VA-11

Jobs Reported

12

NAICS Code

561720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

98200.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

99190.07

Forgiveness Date

04/21/2021

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