# PPP loan: RURAL ECONOMIC ASSISTANCE LEAGUE INC
> **$490K** approved 04/28/2020 · Paid in Full · Loan `9142127209`
## Borrower
- **Name:** RURAL ECONOMIC ASSISTANCE LEAGUE INC
- **Address:** 301 LUCERO, ALICE, TX, 78332-5848
- **NAICS:** 485999
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $495K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $490K
- **Jobs reported:** 234
## Lender
- **Originating:** First Community Bank
- **Servicing:** First Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*