# PPP loan: REX GLENN INC
> **$411K** approved 05/27/2020 · Exemption 4 · Loan `3925107801`
## Borrower
- **Name:** REX GLENN INC
- **Address:** 1300 BLUE MOUNTAIN RD, ROSWELL, NM, 88201-9462
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $411K
- **Initial approval:** $411K
- **Forgiven:** $15K (4%)
- **Forgiveness date:** 12/21/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $411K
- **Jobs reported:** 21
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*