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
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
Servicing Lender Zip
37148-1407
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
SUMNER
Project State
Project Zip
CD
TN-06
Jobs Reported
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
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
260225.60
Forgiveness Date
11/09/2020