# PPP loan: FIESTA MERCEDES MOTORS, INC.
> **$228K** approved 04/11/2020 · Paid in Full · Loan `3550717102`
## Borrower
- **Name:** FIESTA MERCEDES MOTORS, INC.
- **Address:** 4001 EEXPRESSWAY 83, MERCEDES, TX, 78570-5039
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Jobs reported:** 16
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*