# PPP loan: INSTITUTO NUEVA ESCUELA
> **$155K** approved 01/26/2021 · Paid in Full · Loan `6016668307`
## Borrower
- **Name:** INSTITUTO NUEVA ESCUELA
- **Address:** 1101 Ave Ponce de Leon, San Juan, PR, 00925-2912
- **NAICS:** 611699
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $155K
- **Utilities:** $1
- **Jobs reported:** 288
## 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*