# PPP loan: REGENCY PLUS INC
> **$420K** approved 04/14/2020 · Paid in Full · Loan `7806617110`
## Borrower
- **Name:** REGENCY PLUS INC
- **Address:** 2000 Locust Gap Highway, Mount Carmel, PA, 17851
- **NAICS:** 327215
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $355K
- **Rent:** $25K
- **Utilities:** $10K
- **Health care:** $30K
- **Jobs reported:** 58
## 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*