# PPP loan: MONTEREY'S ACQUISITION CORP.
> **$1.30M** approved 04/15/2020 · Paid in Full · Loan `1218957201`
## Borrower
- **Name:** MONTEREY'S ACQUISITION CORP.
- **Address:** 12000 AEROSPACE AVE STE 400, HOUSTON, TX, 77034-5576
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1000K
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Jobs reported:** 291
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*