# PPP loan: GRUPO LOGISTICS, INC.
> **$537K** approved 04/08/2020 · Paid in Full · Loan `8171157005`
## Borrower
- **Name:** GRUPO LOGISTICS, INC.
- **Address:** 426 Logistics Dr, LAREDO, TX, 78045
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $537K
- **Initial approval:** $537K
- **Forgiven:** $544K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $537K
- **Jobs reported:** 53
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*