# PPP loan: RECS CLIPS LLC
> **$1.40M** approved 04/07/2020 · Paid in Full · Loan `6866477004`
## Borrower
- **Name:** RECS CLIPS LLC
- **Address:** 9930 Katy Freeway Ste 150, HOUSTON, TX, 77055-6200
- **NAICS:** 812112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Utilities:** $350K
- **Jobs reported:** 202
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*