# PPP loan: INICIATIVA COMUNITARIA DE INVESTIGACION, INC.
> **$328K** approved 08/06/2020 · Paid in Full · Loan `4648858206`
## Borrower
- **Name:** INICIATIVA COMUNITARIA DE INVESTIGACION, INC.
- **Address:** AVE QUISQUEYA 61, SAN JUAN, PR, 00918
- **NAICS:** 813319
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $328K
- **Initial approval:** $328K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $300K
- **Utilities:** $28K
- **Jobs reported:** 55
## 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*