As part of the Paycheck Protection Program AMERICAN READING CO INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

AMERICAN READING CO INC


Loan Amount	$4,228,500
BusinessName	AMERICAN READING CO INC
Address	201 S GULPH RD
City	KING OF PRUSSIA
State	PA
Zip	19406
NAICSCode	424920
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	257
DateApproved	04/14/2020
Lender	PNC Bank, National Association
CD	PA-04
BusinessName.clean	AMERICAN READING CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

KM SPECIALTY PUMPS
KM SUPERMARKETS
KMA MEDICAL GROUP
KMB DESIGN GROUP
AMERICAN REALTY INVESTORS I