# PPP loan: CONCHO CORPORATION
> **$634K** approved 04/13/2020 · Paid in Full · Loan `4858767107`
## Borrower
- **Name:** CONCHO CORPORATION
- **Address:** 333 Carr Km 6.5, GUANICA, PR, 00653
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $634K
- **Initial approval:** $634K
- **Forgiven:** $640K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $476K
- **Rent:** $77K
- **Utilities:** $73K
- **Debt interest:** $8K
- **Jobs reported:** 64
## 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*