# PPP loan: MANUEL FREIJE ARCE, INC.
> **$421K** approved 04/16/2020 · Paid in Full · Loan `2561817207`
## Borrower
- **Name:** MANUEL FREIJE ARCE, INC.
- **Address:** PO Box 1904, Toa Baja, PR, 00950
- **NAICS:** 423710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $424K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $371K
- **Mortgage interest:** $41K
- **Utilities:** $9K
- **Jobs reported:** 52
## 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*