# PPP loan: MULTISYSTEMS INC
> **$399K** approved 04/13/2020 · Paid in Full · Loan `4804067103`
## Borrower
- **Name:** MULTISYSTEMS INC
- **Address:** 803 Suite Capital Center South Tower, SAN JUAN, PR, 00918
- **NAICS:** 423430
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $399K
- **Initial approval:** $399K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $357K
- **Rent:** $30K
- **Utilities:** $12K
- **Jobs reported:** 39
## 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*