# PPP loan: RIO GRANDE VALLEY
> **$199K** approved 04/08/2020 · Paid in Full · Loan `8539397006`
## Borrower
- **Name:** RIO GRANDE VALLEY
- **Address:** 2025 E Tyler Ave, HARLINGEN, TX, 78550-7388
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $8K
- **Mortgage interest:** $8K
- **Utilities:** $8K
- **Health care:** $8K
- **Debt interest:** $8K
- **Jobs reported:** 23
## Lender
- **Originating:** First National Bank of South Padre Island
- **Servicing:** First National Bank of South Padre Island (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*