# PPP loan: NEOMED CENTER INC
> **$2.78M** approved 04/13/2020 · Paid in Full · Loan `5080477106`
## Borrower
- **Name:** NEOMED CENTER INC
- **Address:** 941 Carr Salida Bo. Jaguas, GURABO, PR, 00778
- **NAICS:** 622110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.78M
- **Initial approval:** $2.78M
- **Forgiven:** $2.82M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.63M
- **Rent:** $16K
- **Mortgage interest:** $40K
- **Utilities:** $94K
- **Jobs reported:** 292
## 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*