# PPP loan: HORACIO'S INC.
> **$388K** approved 04/09/2020 · Paid in Full · Loan `9327197008`
## Borrower
- **Name:** HORACIO'S INC.
- **Address:** 64 John Vertente Blvd, NEW BEDFORD, MA, 02745-1207
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $388K
- **Initial approval:** $388K
- **Forgiven:** $393K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Jobs reported:** 45
## Lender
- **Originating:** BayCoast Bank
- **Servicing:** BayCoast Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*