# PPP loan: COLLECTION RESOURCES, INC.
> **$241K** approved 04/14/2020 · Paid in Full · Loan `6247487106`
## Borrower
- **Name:** COLLECTION RESOURCES, INC.
- **Address:** 650 E. Montana Ave., Ste J, LAS CRUCES, NM, 88001
- **NAICS:** 561440
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $241K
- **Jobs reported:** 31
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*