# PPP loan: NEW TREND FOODS, L.L.C.
> **$697K** approved 04/08/2020 · Paid in Full · Loan `8162277004`
## Borrower
- **Name:** NEW TREND FOODS, L.L.C.
- **Address:** 704 Mozelle, PHARR, TX, 78577-7380
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $702K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $481K
- **Rent:** $87K
- **Mortgage interest:** $2K
- **Utilities:** $44K
- **Health care:** $82K
- **Jobs reported:** 216
## Lender
- **Originating:** Vantage Bank Texas
- **Servicing:** Vantage Bank Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*