# PPP loan: RM WALSDORF INC
> **$550K** approved 01/26/2021 · Paid in Full · Loan `5899138310`
## Borrower
- **Name:** RM WALSDORF INC
- **Address:** 117 N Arroyo Blvd, Los Fresnos, TX, 78566-3234
- **NAICS:** 237110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $553K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $550K
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*