# PPP loan: APPLIED RECOVERY SYSTEMS 1 LLC
> **$300K** approved 01/20/2021 · Paid in Full · Loan `2300268304`
## Borrower
- **Name:** APPLIED RECOVERY SYSTEMS 1 LLC
- **Address:** 9100 Van American Dr, Waco, TX, 76712-8127
- **NAICS:** 332999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $301K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $300K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** American Bank, National Association
- **Servicing:** American Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*