American Reading Co INC
$4,228,500 PPP Loan in King of Prussia, Pennsylvania
Loan Details
- Loan Number
- 6736077102
- Date Approved
- Apr 14, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $4,228,500
- Current Approval
- $4,228,500
- Forgiveness Amount
- $4,276,893
- Forgiveness Date
- Jun 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- American Reading Co INC
- Address
- 201 S Gulph Rd
- City
- King of Prussia
- State
- Pennsylvania
- ZIP Code
- 19406-3170
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (424920)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 257
- Estimated Revenue
- $66.2M
- Rural/Urban
- Urban
- Congressional District
- PA-05
Loan Use Breakdown
- Payroll
- $4,228,500
Lender Information
- Servicing Lender
- Pnc Bank, National Association
- Originating Lender
- Pnc Bank, National Association
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|---|---|---|
| The Devereux Foundation | $10,000,000 | |
| William A.j. Shaeffer's Sons, Inc. | $6,277,800 | |
| Colonial Electric Supply Company, the | $5,579,600 | |
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