# PPP loan: MATT'S EL RANCHO, INC.
> **$1.24M** approved 04/07/2020 · Paid in Full · Loan `7307667000`
## Borrower
- **Name:** MATT'S EL RANCHO, INC.
- **Address:** 2613 S LAMAR BLVD, AUSTIN, TX, 78704-4732
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $930K
- **Rent:** $310K
- **Jobs reported:** 220
## Lender
- **Originating:** American Bank of Commerce
- **Servicing:** American Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*