# PPP loan: DEUTSCH'S OF MCALLEN, INC.
> **$242K** approved 04/05/2020 · Paid in Full · Loan `5483657008`
## Borrower
- **Name:** DEUTSCH'S OF MCALLEN, INC.
- **Address:** 2109 S 10TH ST SUITE 20, MCALLEN, TX, 78503-5407
- **NAICS:** 448310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $243K (100%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Mortgage interest:** $30K
- **Utilities:** $30K
- **Jobs reported:** 19
## 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*