# PPP loan: HI TEC BRAKE MANUFACTURING CO INC
> **$233K** approved 03/16/2021 · Paid in Full · Loan `3178908600`
## Borrower
- **Name:** HI TEC BRAKE MANUFACTURING CO INC
- **Address:** CALLE R LOTE 4 EL COMANDANTE IND PARK, CAROLINA, PR, 00983
- **NAICS:** 336340
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $233K
- **Utilities:** $1
- **Jobs reported:** 39
## 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*