# PPP loan: EL MUNDO PHONE CARDS CORPORATION
> **$167K** approved 04/30/2020 · Charged Off · Loan `4643337306`
## Borrower
- **Name:** EL MUNDO PHONE CARDS CORPORATION
- **Address:** 1005 MADISON AVE, PATERSON, NJ, 07501-3669
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $18K (11%)
- **Forgiveness date:** 09/12/2022
- **Status:** Charged Off
- **Term:** 71 months
## Use of funds
- **Payroll:** $167K
- **Jobs reported:** 2
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*