# PPP loan: R.C. SYSTEMS INC.
> **$321K** approved 01/23/2021 · Paid in Full · Loan `4277848301`
## Borrower
- **Name:** R.C. SYSTEMS INC.
- **Address:** 8621 Highway 6, Hitchcock, TX, 77563-3111
- **NAICS:** 334519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $321K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*