# PPP loan: SYNERLUTION, INC.
> **$475K** approved 04/13/2020 · Paid in Full · Loan `4963417109`
## Borrower
- **Name:** SYNERLUTION, INC.
- **Address:** 2  Carr KM 118.9 BO Ceiba Baja Profesional Plaza Ste 9, AGUADILLA, PR, 00605
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $479K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Rent:** $40K
- **Utilities:** $60K
- **Jobs reported:** 42
## 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*