# PPP loan: GARAGE ISLA VERDE, LLC
> **$1.86M** approved 04/04/2020 · Paid in Full · Loan `4708807002`
## Borrower
- **Name:** GARAGE ISLA VERDE, LLC
- **Address:** 26 Exproso Baldorioty KM10.3 Marginal Los Angeles, CAROLINA, PR, 00979
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.86M
- **Initial approval:** $1.86M
- **Forgiven:** $1.88M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.65M
- **Rent:** $31K
- **Utilities:** $100K
- **Debt interest:** $80K
- **Jobs reported:** 171
## 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*