# PPP loan: SOUTHWEST BIO-LABS INC.
> **$194K** approved 02/04/2021 · Paid in Full · Loan `2971108401`
## Borrower
- **Name:** SOUTHWEST BIO-LABS INC.
- **Address:** 401 N 17th St Ste 11, Las Cruces, NM, 88005-8131
- **NAICS:** 541380
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 04/20/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $194K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Citizens Bank of Las Cruces
- **Servicing:** Citizens Bank of Las Cruces (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*