# PPP loan: ALLREC AWARDS INCORPORATED
> **$239K** approved 04/06/2020 · Paid in Full · Loan `6057347000`
## Borrower
- **Name:** ALLREC AWARDS INCORPORATED
- **Address:** 125 N. INDUSTRIAL DR, WACO, TX, 76710-7051
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Mortgage interest:** $6K
- **Utilities:** $4K
- **Health care:** $29K
- **Jobs reported:** 47
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*