# PPP loan: IGNITION AND FUEL SYSTEMS, CORP
> **$182K** approved 04/27/2020 · Paid in Full · Loan `5402897205`
## Borrower
- **Name:** IGNITION AND FUEL SYSTEMS, CORP
- **Address:** URB SABANA LLANA CALLE LA BRISA 8, SAN JUAN, PR, 00926-6431
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Utilities:** $7K
- **Debt interest:** $6K
- **Jobs reported:** 29
## Lender
- **Originating:** Banesco USA
- **Servicing:** Banesco USA (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*