Morales Machine Shop & Transportation, LLC
$704,600 PPP Loan in Laredo, Texas
Loan Details
- Loan Number
- 1670037203
- Date Approved
- Apr 15, 2020
- Loan Status
- Charged Off
- Initial Approval
- $704,600
- Current Approval
- $704,600
- Forgiveness Amount
- $424,943
- Forgiveness Date
- Mar 15, 2022
- Term
- 3 months
- Draw
- First Draw
Business Information
- Business Name
- Morales Machine Shop & Transportation, LLC
- Address
- 5795 State Hwy 359
- City
- Laredo
- State
- Texas
- ZIP Code
- 78043
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Mining, Quarrying, and Oil and Gas Extraction (213112)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 16
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- TX-28
Loan Use Breakdown
- Payroll
- $575,000
- Utilities
- $33,490
- Mortgage Interest
- $33,400
- Debt Interest
- $62,710
Lender Information
- Servicing Lender
- International Bank of Commerce
- Originating Lender
- International Bank of Commerce
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