# PPP loan: LA LOMITA INC
> **$2.62M** approved 04/06/2020 · Paid in Full · Loan `6317467009`
## Borrower
- **Name:** LA LOMITA INC
- **Address:** 2105 REMINGTON AVE, EDINBURG, TX, 78539-3931
- **NAICS:** 447110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.62M
- **Initial approval:** $2.62M
- **Forgiven:** $2.65M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.97M
- **Mortgage interest:** $525K
- **Utilities:** $131K
- **Jobs reported:** 457
## 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*