# PPP loan: AUTOMECA TECHNICAL COLLEGE, INC
> **$1000K** approved 04/16/2020 · Paid in Full · Loan `2567327203`
## Borrower
- **Name:** AUTOMECA TECHNICAL COLLEGE, INC
- **Address:** Parc Juan Sanchez Km7 Hm 7 Carr-2, Bayamon, PR, 00959
- **NAICS:** 611519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1000K
- **Initial approval:** $1000K
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $751K
- **Rent:** $130K
- **Mortgage interest:** $47K
- **Utilities:** $72K
- **Jobs reported:** 203
## 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*