# PPP loan: MEMORIAL ATHLETIC CLUB
> **$416K** approved 04/11/2020 · Paid in Full · Loan `3585297107`
## Borrower
- **Name:** MEMORIAL ATHLETIC CLUB
- **Address:** 14690 MEMORIAL DR, HOUSTON, TX, 77079-7518
- **NAICS:** 713940
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $420K (101%)
- **Forgiveness date:** 01/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $336K
- **Rent:** $36K
- **Mortgage interest:** $15K
- **Utilities:** $25K
- **Health care:** $4K
- **Jobs reported:** 136
## Lender
- **Originating:** Bank of Houston
- **Servicing:** Bank of Houston (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*