# PPP loan: NECCO INC
> **$980K** approved 04/16/2020 · Paid in Full · Loan `2571897202`
## Borrower
- **Name:** NECCO INC
- **Address:** Carr 887 km 0.4 CAROLINA COMERCIAL PARK, Carolina, PR, 00987
- **NAICS:** 445110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $980K
- **Initial approval:** $980K
- **Forgiven:** $988K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $735K
- **Rent:** $103K
- **Mortgage interest:** $20K
- **Utilities:** $122K
- **Jobs reported:** 306
## 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*