# PPP loan: GALVOTEC ALLOYS INC.
> **$653K** approved 01/31/2021 · Paid in Full · Loan `1037158401`
## Borrower
- **Name:** GALVOTEC ALLOYS INC.
- **Address:** 6712 S 36th St, McAllen, TX, 78503-8817
- **NAICS:** 331314
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $653K
- **Initial approval:** $653K
- **Forgiven:** $656K (100%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $653K
- **Jobs reported:** 82
## Lender
- **Originating:** Rio Bank
- **Servicing:** Rio Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*