# PPP loan: BAGLEY PRODUCE COMPANY, INC.
> **$286K** approved 04/08/2020 · Paid in Full · Loan `8541207005`
## Borrower
- **Name:** BAGLEY PRODUCE COMPANY, INC.
- **Address:** P.O. Box 1319, EDINBURG, TX, 78540
- **NAICS:** 424410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Rent:** $11K
- **Mortgage interest:** $11K
- **Utilities:** $11K
- **Health care:** $11K
- **Debt interest:** $11K
- **Jobs reported:** 97
## 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*