# PPP loan: TRAFON GROUP INC
> **$1.63M** approved 04/15/2020 · Paid in Full · Loan `1409987202`
## Borrower
- **Name:** TRAFON GROUP INC
- **Address:** Garden Hills Plaza 1353 Luis Vigoreaux Avenue, GUAYNABO, PR, 00966
- **NAICS:** 424410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.63M
- **Initial approval:** $1.63M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Rent:** $90K
- **Utilities:** $235K
- **Jobs reported:** 234
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*