# PPP loan: FELCON AUTO RETAIL, INC.
> **$311K** approved 04/13/2020 · Paid in Full · Loan `5579507101`
## Borrower
- **Name:** FELCON AUTO RETAIL, INC.
- **Address:** CARR. # 2 KM. 69 BO. SANTANA, ARECIBO, PR, 00612
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $311K
- **Initial approval:** $311K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $268K
- **Rent:** $36K
- **Utilities:** $7K
- **Jobs reported:** 72
## 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*