# PPP loan: RECOGNITION SYSTEMS INC
> **$628K** approved 04/08/2020 · Paid in Full · Loan `8754137001`
## Borrower
- **Name:** RECOGNITION SYSTEMS INC
- **Address:** 30 HARBOR PARK DR, PORT WASHINGTON, NY, 11050-4667
- **NAICS:** 423420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $628K
- **Initial approval:** $628K
- **Forgiven:** $637K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $628K
- **Jobs reported:** 55
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*