# PPP loan: REX HIDE INCORPORATED
> **$3.69M** approved 04/28/2020 · Paid in Full · Loan `8541367203`
## Borrower
- **Name:** REX HIDE INCORPORATED
- **Address:** 705 S LYONS AVE, TYLER, TX, 75702-6857
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.69M
- **Initial approval:** $3.69M
- **Forgiven:** $3.74M (101%)
- **Forgiveness date:** 06/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.77M
- **Mortgage interest:** $462K
- **Utilities:** $462K
- **Jobs reported:** 264
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*