# PPP loan: BEVCAP MANAGEMENT LLC
> **$275K** approved 04/10/2020 · Paid in Full · Loan `1624947106`
## Borrower
- **Name:** BEVCAP MANAGEMENT LLC
- **Address:** 3900 N McColl Rd, MCALLEN, TX, 78501-9160
- **NAICS:** 524210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $368K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Mortgage interest:** $50K
- **Utilities:** $15K
- **Jobs reported:** 16
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*