# PPP loan: RECYCLING EQUIPMENT CORPORATION
> **$350K** approved 04/15/2020 · Paid in Full · Loan `1383897200`
## Borrower
- **Name:** RECYCLING EQUIPMENT CORPORATION
- **Address:** 831 W  5TH ST, LANSDALE, PA, 19446-2265
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $354K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Jobs reported:** 30
## Lender
- **Originating:** QNB Bank
- **Servicing:** QNB Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*