# PPP loan: MANAGING CONTRACTS INC.
> **$208K** approved 04/14/2020 · Paid in Full · Loan `7215347110`
## Borrower
- **Name:** MANAGING CONTRACTS INC.
- **Address:** 10205 Crossroads Loop, LAREDO, TX, 78045
- **NAICS:** 541214
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Rent:** $3K
- **Health care:** $15K
- **Jobs reported:** 43
## 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*