# PPP loan: F OLAZABAL AND CIA INC
> **$171K** approved 04/16/2020 · Paid in Full · Loan `2693437202`
## Borrower
- **Name:** F OLAZABAL AND CIA INC
- **Address:** Alturas de Flamboyan Carr 174 KM 0.4, Bayamon, PR, 00959
- **NAICS:** 424310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $131K
- **Rent:** $28K
- **Utilities:** $12K
- **Jobs reported:** 43
## 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*