# PPP loan: RECDIRECT INC
> **$460K** approved 04/08/2020 · Paid in Full · Loan `8464867010`
## Borrower
- **Name:** RECDIRECT INC
- **Address:** 506 TWIN OAKS DR, JOHNSON CITY, TN, 37601-7610
- **NAICS:** 423910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $460K
- **Initial approval:** $460K
- **Forgiven:** $463K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $345K
- **Rent:** $86K
- **Utilities:** $29K
- **Jobs reported:** 34
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*