# PPP loan: MAX CHEMICAL INC
> **$745K** approved 04/12/2020 · Paid in Full · Loan `4156727101`
## Borrower
- **Name:** MAX CHEMICAL INC
- **Address:** Urb. Industrial Sabana Llana, Calle la Brisa 6, SAN JUAN, PR, 00924
- **NAICS:** 325510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $745K
- **Initial approval:** $745K
- **Forgiven:** $753K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $673K
- **Rent:** $52K
- **Utilities:** $20K
- **Jobs reported:** 118
## 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*