# PPP loan: MORELOS PROJECTS GROUP, INC
> **$466K** approved 04/30/2020 · Paid in Full · Loan `7240507308`
## Borrower
- **Name:** MORELOS PROJECTS GROUP, INC
- **Address:** 1925 VALLEY VIEW LN, DALLAS, TX, 75234-8908
- **NAICS:** 488490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $466K
- **Initial approval:** $466K
- **Forgiven:** $470K (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $390K
- **Rent:** $25K
- **Utilities:** $51K
- **Jobs reported:** 45
## Lender
- **Originating:** Texas Security Bank
- **Servicing:** Texas Security Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*