# PPP loan: PEGALO PROPERTIES INC
> **$206K** approved 04/27/2020 · Paid in Full · Loan `3919207201`
## Borrower
- **Name:** PEGALO PROPERTIES INC
- **Address:** 501 N. IH 35, AUSTIN, TX, 78702
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $206K
- **Initial approval:** $206K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Utilities:** $51K
- **Jobs reported:** 14
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*