# PPP loan: CARIBBEAN UNIVERSITY, INC
> **$1.55M** approved 04/16/2020 · Paid in Full · Loan `2490977200`
## Borrower
- **Name:** CARIBBEAN UNIVERSITY, INC
- **Address:** Carr. 167 km 21.2  Forrest Hills, Bayamon, PR, 00960
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.55M
- **Initial approval:** $1.55M
- **Forgiven:** $1.57M (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Mortgage interest:** $130K
- **Utilities:** $180K
- **Jobs reported:** 430
## 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*