PPP Loan information for Recs inc

$268,745

Recs inc was initially approved for PPP Loan of amount $268,745, the current approved amount is $268,745. The loan was approved on 04/13/2020 by The Volunteer State Bank reported 24 jobs and $268,745 was used to fund payroll.

Recs inc is Existing or more than 2 years old

PPP Loan Search / TN / HENDERSONVILLE / Recs inc

RECS INC

Date Approved

04/13/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

RECS INC

Borrower Address

1514 LATIMER LANE

Borrower City

HENDERSONVILLE

Borrower State

TN

Borrower Zip

37075-8715

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

268745.00

Current Approval Amount

268745.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68778

Servicing Lender Name

Volunteer State Bank

Servicing Lender Address

101 Hwy 52 W

Servicing Lender City

PORTLAND

Servicing Lender State

TN

Servicing Lender Zip

37148-1407

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HENDERSONVILLE

Project County Name

SUMNER

Project State

TN

Project Zip

37075-8715

CD

TN-06

Jobs Reported

24

NAICS Code

238990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7000.00

Payroll Proceed

201558.75

Mortgage Interest Proceed

60186.25

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

68778

Originating Lender

Volunteer State Bank

Originating Lender City

PORTLAND

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

260225.60

Forgiveness Date

11/09/2020

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