# PPP loan: MIPAD DE PUERTO RICO, INC.
> **$173K** approved 04/12/2020 · Paid in Full · Loan `4131947101`
## Borrower
- **Name:** MIPAD DE PUERTO RICO, INC.
- **Address:** #25 Ave. B Los Frailes Industrial Park, GUAYNABO, PR, 00970-2330
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $43K
- **Jobs reported:** 23
## 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*