# PPP loan: FOODSERVICE MANAGEMENT SYSTEMS INC
> **$599K** approved 04/07/2020 · Paid in Full · Loan `7434047005`
## Borrower
- **Name:** FOODSERVICE MANAGEMENT SYSTEMS INC
- **Address:** 3006 BEE CAVES RD, Suite A-330, AUSTIN, TX, 78746-5579
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $599K
- **Initial approval:** $599K
- **Forgiven:** $603K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $449K
- **Rent:** $150K
- **Jobs reported:** 50
## 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*