# PPP loan: INDUCHEM SERVICE INC.
> **$264K** approved 01/26/2021 · Paid in Full · Loan `6352638308`
## Borrower
- **Name:** INDUCHEM SERVICE INC.
- **Address:** 696 CALLE CUBITA GUAYNABO, GUAYNABO, PR, 00969
- **NAICS:** 484220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $266K (101%)
- **Forgiveness date:** 12/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $264K
- **Jobs reported:** 48
## 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*