# PPP loan: THE RECESSROOM INCORPORATED
> **$180K** approved 04/14/2020 · Paid in Full · Loan `7160687109`
## Borrower
- **Name:** THE RECESSROOM INCORPORATED
- **Address:** 18380 Brookhurst Street, Fountain Valley, CA, 92708
- **NAICS:** 453998
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $182K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Jobs reported:** 44
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*