# PPP loan: KRESS STORES OF PUERTO RICO INC.
> **$342K** approved 05/14/2021 · Paid in Full · Loan `1989629001`
## Borrower
- **Name:** KRESS STORES OF PUERTO RICO INC.
- **Address:** URB INDUSTRIAL MARIO JULIA CALLE A ESQUINA MATADERO, SAN JUAN, PR, 00920
- **NAICS:** 493110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $342K
- **Jobs reported:** 43
## 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*