# PPP loan: COCO HOTEL 1, LLC
> **$1.20M** approved 04/10/2020 · Paid in Full · Loan `1992417104`
## Borrower
- **Name:** COCO HOTEL 1, LLC
- **Address:** Coco Beach Boulevard no 200, RIO GRANDE, PR, 00745
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $904K
- **Mortgage interest:** $151K
- **Utilities:** $150K
- **Jobs reported:** 166
## 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*