# PPP loan: PONCE FOOD DISTRIBUTION LLC
> **$222K** approved 05/01/2020 · Exemption 4 · Loan `5877477702`
## Borrower
- **Name:** PONCE FOOD DISTRIBUTION LLC
- **Address:** 1790 COMMERCE PARK DR STE B, EL PASO, TX, 79912-8504
- **NAICS:** 424410
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $222K
- **Initial approval:** $72K
- **Forgiven:** $95K (43%)
- **Forgiveness date:** 06/24/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $222K
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*