# PPP loan: CIRACET, CORP.
> **$450K** approved 04/14/2020 · Paid in Full · Loan `5907977102`
## Borrower
- **Name:** CIRACET, CORP.
- **Address:** 2831 Ave Las Americas BO San Anton, PONCE, PR, 00717
- **NAICS:** 541690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $453K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $370K
- **Rent:** $30K
- **Utilities:** $50K
- **Jobs reported:** 68
## 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*