# PPP loan: ABLE SALES COMPANY INC
> **$741K** approved 04/16/2020 · Paid in Full · Loan `2516747200`
## Borrower
- **Name:** ABLE SALES COMPANY INC
- **Address:** BO PALMAS, CARR. 869, KM 2, HM8,, CATANO, PR, 00962
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $741K
- **Initial approval:** $741K
- **Forgiven:** $748K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $677K
- **Rent:** $64K
- **Jobs reported:** 104
## 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*