Reichel Foods, Inc.

$3,370,400 PPP Loan in Rochester, Minnesota

Loan Details

Loan Number
5719197009
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$3,370,400
Current Approval
$3,370,253
Forgiveness Amount
$3,409,479
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Reichel Foods, Inc.
Address
3706 Enterprise Dr
ZIP Code
55902-1257
Business Type
Corporation
Industry (NAICS)
Manufacturing (311919)
Business Age
Existing or more than 2 years old
Jobs Reported
375
Estimated Revenue
$132.4M
Rural/Urban
Urban
Congressional District
MN-01

Loan Use Breakdown

Payroll
$3,370,253

Lender Information

Servicing Lender
Home Federal Savings Bank
Originating Lender
Home Federal Savings Bank

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