# PPP loan: FOSS RECYCLING INC
> **$2.53M** approved 04/07/2020 · Paid in Full · Loan `7269137003`
## Borrower
- **Name:** FOSS RECYCLING INC
- **Address:** 7037 Hwy West, LA GRANGE, NC, 28551
- **NAICS:** 423930
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.53M
- **Initial approval:** $2.53M
- **Forgiven:** $2.56M (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.53M
- **Jobs reported:** 250
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*