# PPP loan: REGIONAL MATERIALS RECOVERY INC
> **$532K** approved 01/16/2021 · Paid in Full · Loan `1057718302`
## Borrower
- **Name:** REGIONAL MATERIALS RECOVERY INC
- **Address:** 816 S Halifax Rd, Rocky Mount, NC, 27803-1172
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $532K
- **Initial approval:** $532K
- **Forgiven:** $535K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $532K
- **Jobs reported:** 50
## Lender
- **Originating:** Providence Bank
- **Servicing:** Providence Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*