# PPP loan: RECYCLING EQUIPMENT INCORPORATED
> **$624K** approved 04/10/2020 · Paid in Full · Loan `2543377104`
## Borrower
- **Name:** RECYCLING EQUIPMENT INCORPORATED
- **Address:** 2052 INDUSTRIAL DR, NEWTON, NC, 28658-7703
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $624K
- **Initial approval:** $624K
- **Forgiven:** $630K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Mortgage interest:** $624K
- **Jobs reported:** 27
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*