# PPP loan: LC DISTRIBUTORS INC
> **$167K** approved 04/27/2020 · Paid in Full · Loan `5786737201`
## Borrower
- **Name:** LC DISTRIBUTORS INC
- **Address:** Centro distribucion agricola camino los nunez almacen 7, Caguas, PR, 00725
- **NAICS:** 424610
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $155K
- **Rent:** $7K
- **Mortgage interest:** $3K
- **Utilities:** $2K
- **Jobs reported:** 31
## 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*