# PPP loan: ENCO MANUFACTURING CORP.
> **$995K** approved 04/12/2020 · Paid in Full · Loan `4155687100`
## Borrower
- **Name:** ENCO MANUFACTURING CORP.
- **Address:** Calle Baldorioty 43, CIDRA, PR, 00739
- **NAICS:** 325510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $995K
- **Initial approval:** $996K
- **Forgiven:** $1.00M (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $815K
- **Rent:** $135K
- **Utilities:** $45K
- **Jobs reported:** 140
## 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*