# PPP loan: AMERICAN EUCATIONAL COLLEGE
> **$299K** approved 02/02/2021 · Paid in Full · Loan `1668338403`
## Borrower
- **Name:** AMERICAN EUCATIONAL COLLEGE
- **Address:** 45 Calle Santa Cruz, Bayamon, PR, 00961-6909
- **NAICS:** 611310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 02/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $299K
- **Utilities:** $1
- **Jobs reported:** 61
## Lender
- **Originating:** FirstBank Puerto Rico
- **Servicing:** FirstBank Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*