# PPP loan: RECS INC
> **$269K** approved 04/13/2020 · Paid in Full · Loan `4298137107`
## Borrower
- **Name:** RECS INC
- **Address:** 1514 LATIMER LANE, HENDERSONVILLE, TN, 37075-8715
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $202K
- **Mortgage interest:** $60K
- **Utilities:** $7K
- **Jobs reported:** 24
## Lender
- **Originating:** Volunteer State Bank
- **Servicing:** Volunteer State Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*