# PPP loan: MALHOTRA FOODS INC.
> **$162K** approved 04/28/2020 · Paid in Full · Loan `7945967208`
## Borrower
- **Name:** MALHOTRA FOODS INC.
- **Address:** 630 S WHITE SANDS BLVD, ALAMOGORDO, NM, 88310-7238
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Mortgage interest:** $8K
- **Utilities:** $10K
- **Jobs reported:** 35
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (NM)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*