# PPP loan: PROFESSIONAL ALARM SYSTEM INC.
> **$150K** approved 02/20/2021 · Paid in Full · Loan `2406588500`
## Borrower
- **Name:** PROFESSIONAL ALARM SYSTEM INC.
- **Address:** 1836 Calle Reina de las Flores Urb Santa Maria Rio Piedras, San Juan, PR, 00927-6820
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (100%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Utilities:** $1
- **Jobs reported:** 25
## 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*