# PPP loan: MODEL OFFSET PRINTING, CORP.
> **$197K** approved 04/15/2020 · Paid in Full · Loan `2144827209`
## Borrower
- **Name:** MODEL OFFSET PRINTING, CORP.
- **Address:** RD 3 KM 82.5, CATANO IND PK, HUMACAO, PR, 00791
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $5K
- **Mortgage interest:** $10K
- **Utilities:** $22K
- **Jobs reported:** 28
## Lender
- **Originating:** Banesco USA
- **Servicing:** Banesco USA (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*