# PPP loan: PONCE CINEMA CORP
> **$158K** approved 03/18/2021 · Paid in Full · Loan `4122608610`
## Borrower
- **Name:** PONCE CINEMA CORP
- **Address:** PLAZA DEL CARIBE MALL- AVE RAFAEL CORDERO SANTIAGO, PONCE, PR, 00731
- **NAICS:** 512131
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 03/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 85
## 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*