# PPP loan: MONTERREY ASSET MANAGEMENT, LTD
> **$432K** approved 04/14/2020 · Paid in Full · Loan `7429027103`
## Borrower
- **Name:** MONTERREY ASSET MANAGEMENT, LTD
- **Address:** 9615 SIMS DR, EL PASO, TX, 79925-7243
- **NAICS:** 531110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $432K
- **Initial approval:** $72K
- **Forgiven:** $436K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $432K
- **Jobs reported:** 7
## Lender
- **Originating:** WestStar Bank
- **Servicing:** WestStar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*