# PPP loan: JAYE INC
> **$1.66M** approved 04/16/2020 · Paid in Full · Loan `2697597201`
## Borrower
- **Name:** JAYE INC
- **Address:** CALLE FILIPO DI PLANA #5 CARR 20 KM 2.3, GUAYNABO, PR, 00966
- **NAICS:** 561421
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.56M
- **Rent:** $8K
- **Mortgage interest:** $49K
- **Utilities:** $41K
- **Jobs reported:** 336
## 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*