# PPP loan: REC26, INC.
> **$547K** approved 04/14/2020 · Paid in Full · Loan `7217497102`
## Borrower
- **Name:** REC26, INC.
- **Address:** 12204 Lincoln Highway, North Huntingdon, PA, 15642
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $547K
- **Initial approval:** $547K
- **Forgiven:** $553K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $438K
- **Rent:** $44K
- **Utilities:** $5K
- **Health care:** $60K
- **Jobs reported:** 41
## 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*