# PPP loan: SOUTHWEST BLOCK INC
> **$208K** approved 04/07/2020 · Paid in Full · Loan `7087317008`
## Borrower
- **Name:** SOUTHWEST BLOCK INC
- **Address:** 136 Rro Rancho Blvd, RIO RANCHO, NM, 87124-1409
- **NAICS:** 327331
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $32K
- **Health care:** $19K
- **Jobs reported:** 18
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*