# PPP loan: MED CENTRO INC.
> **$3.52M** approved 04/16/2020 · Paid in Full · Loan `2982007209`
## Borrower
- **Name:** MED CENTRO INC.
- **Address:** 1034 Avenida Hostos, PONCE, PR, 00716
- **NAICS:** 621491
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.52M
- **Initial approval:** $3.52M
- **Forgiven:** $3.56M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.32M
- **Utilities:** $204K
- **Jobs reported:** 433
## 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*