# PPP loan: SUPERMERCADOS ECONO, INC
> **$2.72M** approved 04/27/2020 · Paid in Full · Loan `4738227202`
## Borrower
- **Name:** SUPERMERCADOS ECONO, INC
- **Address:** 1428 Rio Danubio st Sabana Abajo Industrial Park, Carolina, PR, 00983
- **NAICS:** 424410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.72M
- **Initial approval:** $2.72M
- **Forgiven:** $2.75M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.16M
- **Rent:** $257K
- **Utilities:** $299K
- **Jobs reported:** 413
## 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*