# PPP loan: CORAL WORLD (V.I.) INC.
> **$527K** approved 04/11/2020 · Paid in Full · Loan `2941197104`
## Borrower
- **Name:** CORAL WORLD (V.I.) INC.
- **Address:** 6450 Coki Point, ST THOMAS, VI, 00802
- **NAICS:** 713990
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $527K
- **Initial approval:** $527K
- **Forgiven:** $532K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Rent:** $54K
- **Utilities:** $78K
- **Jobs reported:** 68
## Lender
- **Originating:** FirstBank Puerto Rico
- **Servicing:** FirstBank Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*