# PPP loan: REC24, INC.
> **$633K** approved 04/14/2020 · Paid in Full · Loan `7152677106`
## Borrower
- **Name:** REC24, INC.
- **Address:** 3355 William Penn Highway, Pittsburgh, PA, 15235
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $633K
- **Initial approval:** $633K
- **Forgiven:** $640K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Rent:** $73K
- **Utilities:** $10K
- **Health care:** $50K
- **Jobs reported:** 43
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*