# PPP loan: EL MODELO MEXICAN FOODS, INC.
> **$274K** approved 08/07/2020 · Paid in Full · Loan `5401288204`
## Borrower
- **Name:** EL MODELO MEXICAN FOODS, INC.
- **Address:** 1715 2nd St SW, ALBUQUERQUE, NM, 87102-4505
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $280K (102%)
- **Forgiveness date:** 12/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $274K
- **Jobs reported:** 50
## Lender
- **Originating:** Main Bank
- **Servicing:** Main Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*