# PPP loan: LANCO MANUFACTURING CORP.
> **$1.83M** approved 04/12/2020 · Paid in Full · Loan `4157947110`
## Borrower
- **Name:** LANCO MANUFACTURING CORP.
- **Address:** Urb. Aponte 5, SAN LORENZO, PR, 00754
- **NAICS:** 325510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.83M
- **Initial approval:** $1.83M
- **Forgiven:** $1.85M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.68M
- **Rent:** $120K
- **Utilities:** $29K
- **Jobs reported:** 311
## 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*