# PPP loan: BETANCES PROFESSIONAL SERVICES AND EQUIPMENT INC
> **$266K** approved 04/07/2020 · Paid in Full · Loan `6648107000`
## Borrower
- **Name:** BETANCES PROFESSIONAL SERVICES AND EQUIPMENT INC
- **Address:** Urb San Fernando Ave Betances F11, BAYAMON, PR, 00957
- **NAICS:** 451211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $243K
- **Rent:** $9K
- **Mortgage interest:** $8K
- **Utilities:** $6K
- **Jobs reported:** 135
## 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*