# PPP loan: RECOVERED ASSET MANAGEMENT, INC
> **$495K** approved 04/05/2020 · Paid in Full · Loan `5124817006`
## Borrower
- **Name:** RECOVERED ASSET MANAGEMENT, INC
- **Address:** 16400 LATHROP AVE, HARVEY, IL, 60426-6024
- **NAICS:** 423930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Jobs reported:** 54
## Lender
- **Originating:** American Commercial Bank & Trust, National Association
- **Servicing:** American Commercial Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*