# PPP loan: AMBROSE CONSTRUCTION LTD
> **$2.40M** approved 04/06/2020 · Paid in Full · Loan `5873527010`
## Borrower
- **Name:** AMBROSE CONSTRUCTION LTD
- **Address:** 15041 Northwest Blvd, CORPUS CHRISTI, TX, 78410-5727
- **NAICS:** 238190
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.40M
- **Initial approval:** $2.40M
- **Forgiven:** $2.43M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.92M
- **Rent:** $240K
- **Utilities:** $240K
- **Jobs reported:** 240
## 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*