# PPP loan: EDUCATIONAL TECHNICAL COLLEGE INC
> **$240K** approved 04/20/2021 · Charged Off · Loan `6542778806`
## Borrower
- **Name:** EDUCATIONAL TECHNICAL COLLEGE INC
- **Address:** 28 Calle Santa Cruz, Bayamon, PR, 00961-6906
- **NAICS:** 611210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $174K (73%)
- **Forgiveness date:** 12/07/2022
- **Status:** Charged Off
- **Term:** 40 months
## Use of funds
- **Payroll:** $240K
- **Utilities:** $1
- **Jobs reported:** 30
## 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*