# PPP loan: M&M LERMA INC
> **$200K** approved 04/07/2020 · Paid in Full · Loan `7144757008`
## Borrower
- **Name:** M&M LERMA INC
- **Address:** PO BOX 8309, CORPUS CHRISTI, TX, 78468
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 59
## 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*