# PPP loan: STS ELECTRONIC RECYCLING, INC.
> **$850K** approved 04/09/2020 · Paid in Full · Loan `9958927009`
## Borrower
- **Name:** STS ELECTRONIC RECYCLING, INC.
- **Address:** 522 COUNTY ROAD 1520, JACKSONVILLE, TX, 75766-9840
- **NAICS:** 423930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $858K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $680K
- **Mortgage interest:** $85K
- **Utilities:** $85K
- **Jobs reported:** 133
## Lender
- **Originating:** Commercial Bank of Texas, N.A.
- **Servicing:** Commercial Bank of Texas, N.A. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*