# PPP loan: AIR-MECH INC
> **$363K** approved 04/13/2020 · Paid in Full · Loan `5673687105`
## Borrower
- **Name:** AIR-MECH INC
- **Address:** 10 CALLE UNION BO. PIEDRAS BLANCAS, GUAYNABO, PR, 00969
- **NAICS:** 423740
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $366K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $349K
- **Rent:** $9K
- **Mortgage interest:** $3K
- **Utilities:** $2K
- **Jobs reported:** 85
## 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*