# PPP loan: MEDINA & MEDINA, INC.
> **$229K** approved 04/10/2020 · Paid in Full · Loan `1949707102`
## Borrower
- **Name:** MEDINA & MEDINA, INC.
- **Address:** PO BOX 362200, SAN JUAN, PR, 00936-2200
- **NAICS:** 424420
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Rent:** $18K
- **Utilities:** $37K
- **Health care:** $2K
- **Jobs reported:** 38
## 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*