# PPP loan: REECO 1 LLC
> **$261K** approved 01/31/2021 · Paid in Full · Loan `9722458304`
## Borrower
- **Name:** REECO 1 LLC
- **Address:** 3709 E Parker Rd, Jonesboro, AR, 72404-7837
- **NAICS:** 812320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $263K (100%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $261K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*