# PPP loan: ZORBA, INC.
> **$150K** approved 04/11/2020 · Paid in Full · Loan `2908697110`
## Borrower
- **Name:** ZORBA, INC.
- **Address:** 1209 Hidalgo St, LAREDO, TX, 78040-5756
- **NAICS:** 448210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Rent:** $23K
- **Utilities:** $5K
- **Jobs reported:** 26
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*