# PPP loan: PUERTO RICO APPAREL MANUFACTURING CORP
> **$968K** approved 04/10/2020 · Paid in Full · Loan `2425977106`
## Borrower
- **Name:** PUERTO RICO APPAREL MANUFACTURING CORP
- **Address:** PR 106 Km1, Balboa St. 179, MAYAGUEZ, PR, 00680
- **NAICS:** 315210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $968K
- **Initial approval:** $968K
- **Forgiven:** $975K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $726K
- **Rent:** $89K
- **Mortgage interest:** $84K
- **Utilities:** $69K
- **Jobs reported:** 277
## 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*