# PPP loan: REECE ALBERT, INC.
> **$3.80M** approved 04/04/2020 · Paid in Full · Loan `4786267001`
## Borrower
- **Name:** REECE ALBERT, INC.
- **Address:** 3001 Foster St, SAN ANGELO, TX, 76903-9216
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.80M
- **Initial approval:** $3.80M
- **Forgiven:** $3.85M (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.04M
- **Rent:** $380K
- **Utilities:** $380K
- **Jobs reported:** 272
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*