PPP Loan information for Rec25, inc.

$630,477

Rec25, inc. was initially approved for PPP Loan of amount $630,477, the current approved amount is $630,477. The loan was approved on 04/14/2020 by The Manufacturers and Traders Trust Company reported 45 jobs and $630,477 was used to fund payroll.

Rec25, inc. is New Business or 2 years or less

PPP Loan Search / PA / Coraopolis / Rec25, inc.

REC25, INC.

Date Approved

04/14/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

REC25, INC.

Borrower Address

7900 University Boulevard

Borrower City

Coraopolis

Borrower State

PA

Borrower Zip

15108

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

630477.00

Current Approval Amount

630477.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Coraopolis

Project County Name

ALLEGHENY

Project State

PA

Project Zip

15108-0001

CD

PA-17

Jobs Reported

45

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15000.00

Payroll Proceed

490000.00

Mortgage Interest Proceed

0.00

Rent Proceed

76477.00

Refinance EIDL Proceed

0.00

Health Care Proceed

49000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

637697.26

Forgiveness Date

06/11/2021

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