# PPP loan: JOSE & MARY ANN AVALOS' RESTAURANTS INC.
> **$268K** approved 03/20/2021 · Paid in Full · Loan `5780508600`
## Borrower
- **Name:** JOSE & MARY ANN AVALOS' RESTAURANTS INC.
- **Address:** 728 N Main St, Cleburne, TX, 76033-3813
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $268K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*