# PPP loan: ADVANCED RECOVERY SYSTEMS, INC.
> **$252K** approved 04/08/2020 · Paid in Full · Loan `8005077010`
## Borrower
- **Name:** ADVANCED RECOVERY SYSTEMS, INC.
- **Address:** 901 East 8th Avenue Suite 206, King of Prussia, PA, 19406-1301
- **NAICS:** 561440
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Jobs reported:** 17
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*