# PPP loan: INSTITUTO MEDICO DEL NORTE INC.
> **$1.82M** approved 04/16/2020 · Paid in Full · Loan `2706227209`
## Borrower
- **Name:** INSTITUTO MEDICO DEL NORTE INC.
- **Address:** Carretera 2 Km. 39.5, Vega Baja, PR, 00694-7001
- **NAICS:** 622110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.82M
- **Initial approval:** $1.87M
- **Forgiven:** $1.84M (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.41M
- **Utilities:** $197K
- **Debt interest:** $217K
- **Jobs reported:** 473
## 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*