# PPP loan: ROGER ELECTRIC CORP
> **$1.10M** approved 04/16/2020 · Paid in Full · Loan `2714367205`
## Borrower
- **Name:** ROGER ELECTRIC CORP
- **Address:** Industrial Park, Luchetti Rd. Marginal 5, Bayamon, PR, 00959
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $870K
- **Rent:** $226K
- **Jobs reported:** 185
## 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*