# PPP loan: MCDONALDS OF ALICE
> **$176K** approved 04/09/2020 · Paid in Full · Loan `9839007001`
## Borrower
- **Name:** MCDONALDS OF ALICE
- **Address:** 511 S 11TH ST, KINGSVILLE, TX, 78363-5705
- **NAICS:** 722513
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $178K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Rent:** $37K
- **Utilities:** $8K
- **Jobs reported:** 63
## Lender
- **Originating:** Kleberg Bank, National Association
- **Servicing:** Kleberg Bank, National Association (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*