# PPP loan: BELOTE FOODS, LLC
> **$290K** approved 04/08/2020 · Paid in Full · Loan `8753307002`
## Borrower
- **Name:** BELOTE FOODS, LLC
- **Address:** 1550 University Blvd Ste A, MOBILE, AL, 36609-2957
- **NAICS:** 722110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $296K (102%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Rent:** $10K
- **Jobs reported:** 60
## 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*