# PPP loan: RESOURCE CORPORATION OF AMERICA & RECOVE
> **$1.62M** approved 04/30/2020 · Paid in Full · Loan `4674047305`
## Borrower
- **Name:** RESOURCE CORPORATION OF AMERICA & RECOVE
- **Address:** 1120 MARINA BAY DR, CLEAR LAKE SHORES, TX, 77565
- **NAICS:** 621999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.65M (102%)
- **Forgiveness date:** 03/15/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.62M
- **Jobs reported:** 232
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*