# PPP loan: EL GUERRERO INC.
> **$159K** approved 05/05/2020 · Paid in Full · Loan `2081307404`
## Borrower
- **Name:** EL GUERRERO INC.
- **Address:** 110 LINCOLN HWY., FAIRLESS HILLS, PA, 19030
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $127K
- **Rent:** $16K
- **Utilities:** $16K
- **Jobs reported:** 23
## Lender
- **Originating:** The First National Bank and Trust Company of Newtown
- **Servicing:** The First National Bank and Trust Company of Newtown (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*