PPP Loan information for Reel power industrial inc.

$1,250,000

Reel power industrial inc. was initially approved for PPP Loan of amount $1,759,949, the current approved amount is $1,250,000. The loan was approved on 04/09/2020 by The CIBC Bank USA reported 124 jobs and $1,250,000 was used to fund payroll.

Reel power industrial inc. is Existing or more than 2 years old

PPP Loan Search / OK / OKLAHOMA CITY / Reel power industrial inc.

REEL POWER INDUSTRIAL INC.

Date Approved

04/09/2020

SBA Office Code

0680

Processing Method

PPP

Borrower Name

REEL POWER INDUSTRIAL INC.

Borrower Address

5101 S Council Rd

Borrower City

OKLAHOMA CITY

Borrower State

OK

Borrower Zip

73179-4829

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1759949.35

Current Approval Amount

1250000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OKLAHOMA CITY

Project County Name

OKLAHOMA

Project State

OK

Project Zip

73179-4829

CD

OK-03

Jobs Reported

124

NAICS Code

333249

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1250000.00

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

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1260993.15

Forgiveness Date

03/02/2021

;