# PPP loan: GARCIA ENTERPRISES INC
> **$1.18M** approved 04/10/2020 · Paid in Full · Loan `2372977101`
## Borrower
- **Name:** GARCIA ENTERPRISES INC
- **Address:** 1736 Central Ave SW Bldg A, ALBUQUERQUE, NM, 87104-1151
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.20M (102%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 233
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*