# PPP loan: REDMED INC
> **$224K** approved 04/10/2020 · Paid in Full · Loan `1386267107`
## Borrower
- **Name:** REDMED INC
- **Address:** 320 N MCCOLL RD STE C, MCALLEN, TX, 78501-9329
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 14
## Lender
- **Originating:** Texas Regional Bank
- **Servicing:** Texas Regional Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*