# PPP loan: LA MONTANITA FOOD COOPERATIVE
> **$2.05M** approved 04/06/2020 · Paid in Full · Loan `6195897010`
## Borrower
- **Name:** LA MONTANITA FOOD COOPERATIVE
- **Address:** 901 MENAUL BLVD, ALBUQUERQUE, NM, 87107-1658
- **NAICS:** 445110
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.05M
- **Initial approval:** $2.05M
- **Forgiven:** $2.08M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.81M
- **Rent:** $175K
- **Utilities:** $63K
- **Jobs reported:** 295
## Lender
- **Originating:** Nusenda FCU
- **Servicing:** Nusenda FCU (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*