# PPP loan: AMERICAN SOUTHWEST MERCANTILE INC
> **$292K** approved 05/04/2020 · Paid in Full · Loan `1645157409`
## Borrower
- **Name:** AMERICAN SOUTHWEST MERCANTILE INC
- **Address:** 11101 BLUFF BEND DR, AUSTIN, TX, 78753
- **NAICS:** 424130
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $290K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 26
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*