# PPP loan: REDCO INDUSTRIAL SERVICES, LLC
> **$160K** approved 04/08/2020 · Paid in Full · Loan `8496827003`
## Borrower
- **Name:** REDCO INDUSTRIAL SERVICES, LLC
- **Address:** 2381 LIFESTYLE LN, MC GREGOR, TX, 76657-3867
- **NAICS:** 236210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $40K
- **Jobs reported:** 17
## Lender
- **Originating:** First National Bank of Central Texas
- **Servicing:** First National Bank of Central Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*