# PPP loan: ALAMO RESTAURANTS, INC
> **$1.23M** approved 04/07/2020 · Paid in Full · Loan `6823217007`
## Borrower
- **Name:** ALAMO RESTAURANTS, INC
- **Address:** 911 Central Pkwy North Ste 130, SAN ANTONIO, TX, 78232-5010
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Rent:** $123K
- **Utilities:** $62K
- **Jobs reported:** 75
## 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*