# PPP loan: RECS CLIPS
> **$1.16M** approved 02/13/2021 · Paid in Full · Loan `8507948410`
## Borrower
- **Name:** RECS CLIPS
- **Address:** 9930 Katy Fwy Ste 150, Houston, TX, 77055-6211
- **NAICS:** 812112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.16M
- **Utilities:** $1
- **Jobs reported:** 168
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*