# PPP loan: GLORIETA 2.0, INC.
> **$503K** approved 04/07/2020 · Paid in Full · Loan `6999467005`
## Borrower
- **Name:** GLORIETA 2.0, INC.
- **Address:** 11 STATE ROAD 50, GLORIETA, NM, 87535
- **NAICS:** 721214
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $503K
- **Initial approval:** $503K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $403K
- **Rent:** $50K
- **Utilities:** $50K
- **Jobs reported:** 56
## Lender
- **Originating:** Gulf Capital Bank
- **Servicing:** Gulf Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*