# PPP loan: MADRID ALLIED DEVELOPMENT, LLC
> **$629K** approved 04/08/2020 · Paid in Full · Loan `8097787007`
## Borrower
- **Name:** MADRID ALLIED DEVELOPMENT, LLC
- **Address:** 4210 ROSELAND ST, HOUSTON, TX, 77006-5516
- **NAICS:** 812990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $629K
- **Initial approval:** $629K
- **Forgiven:** $634K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $472K
- **Mortgage interest:** $79K
- **Utilities:** $79K
- **Jobs reported:** 95
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*