# PPP loan: RECOMMERCE GROUP INC
> **$413K** approved 05/07/2021 · Exemption 4 · Loan `7338698901`
## Borrower
- **Name:** RECOMMERCE GROUP INC
- **Address:** 2110 5th Ave, Ronkonkoma, NY, 11779-6906
- **NAICS:** 562920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $413K
- **Initial approval:** $413K
- **Forgiven:** $374K (91%)
- **Forgiveness date:** 08/23/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $413K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*