# PPP loan: WHOLESALE ELECTRIC CARIBE INC
> **$257K** approved 04/16/2020 · Paid in Full · Loan `2483097209`
## Borrower
- **Name:** WHOLESALE ELECTRIC CARIBE INC
- **Address:** BO FLORIDA                CARR 2 KM 56 HM 5, BARCELONETA, PR, 00617
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Rent:** $61K
- **Mortgage interest:** $1K
- **Utilities:** $2K
- **Jobs reported:** 56
## 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*